Market Update

With just a couple of weeks remaining in 2019, we will record another record year for home sales in the DFW area.  Through November, total area home sales are up 2% and median prices are up 3%, with Oak Cliff and Carrollton leading the pack, each up 11%.  Northwest...

In my last report, I mused that we might see a "snappier" home sales performance in September.  Well, we did.  September surprised us with a 9% gain in overall Dallas sales and a 6% increase in median sales price.  This brought the third quarter totals to plus 2% for...

August sales of single-family home posted a nice increase of 5%, preserving the year-to-date sales in positive territory, up 1%.  Sales of townhomes and condos were down 2% in August, with the year-to-date total down 9%.  Median sales prices of both single-family...

Dallas single-family home sales in July rebounded, up 7%, supported by the lower cost, more affordable end of the market.  Median sales prices were up 3% overall.  July's sales performance put us 1% ahead of last year's seven month total.  Single family homes priced...

Is everyone on vacation? Welcome to the middle of July, which has been gaining a reputation to rival that of January--not in climate but in sales performance.  You might recall that July of 2018 marked the turn in the seven year Seller's market. The double digit...

Here we are at the last day of May, with the annual Spring Market in full swing. The data below addresses highlights from March and April, with May data due from the Texas A&M Real Estate Center in less than 10 days.  The Spring Market was late developing this...

Dallas home sales in February inched ahead of last year's total, up 1%.  While it doesn't look significant, it broke our recent skid, -9% in December and -10% in January, and provided a measure of optimism for the Spring Market, where we are headed now. These results ...