Market Update

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 ...

Dallas area home sales are off to a lackluster start, picking up where they left off last year.  January sales were down 10% vs year ago, following a 9% year-over-year drop in December.  While it is historically the slowest time of the year, we can't blame it all on...

The year end numbers are in, and Dallas area average sales prices finished the year up 4.8% and median sales prices up 5.0%.  While we had our second best sales year in history, with over 104,000 homes sold in the 22 county area, the total was down 1% from 2017, the...

I hope your holiday season is in full gear surrounded by family and friends!  As I write this summary of fall home sales activity, we have entered a more balanced market, one that is no longer a hyper seller's market.  This is due to natural market forces that kick in...

It's a good time to be a Buyer!  We might be entering a new phase in Dallas home sales, as September sales slipped 7% vs year ago, the steepest year-over-year slide in 7 years.  For the first nine months, we are even with last year's sales.  We have had 80+ months of...