Market Update

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...

Dallas home sales in August slipped 1% vs year-ago sales reflecting a continuation of insufficient inventory and rising home prices.  If you recall, June sales were also lower than year-ago.  July's better-than-year-ago sales was a nice bump but not able to sustain...

This report comes right on the heels of the June report, as I couldn't wait to see if the Dallas area sales rebounded from it's first year-over-year decline in years.  Overall June sales were off 3% from year-ago, but July sales did indeed rebound, up 6% vs last...

The economy is solidly advancing.  The GDP will exceed 3% this year for the first time in 13 years.  The unemployment rate is at the lowest level in 50 years.  And wages are up 2.8% over the last 12 months.  But, Dallas home sales fell 3% in June from year-ago levels,...

U.S. home sales are down 2% for the first five months of this year... but the Dallas area continues to outperform, with year-to-date sales up 4% over last years figures.  In May, sales were up 9% over year ago.  In fact, in May there were 11,303 homes sold in the...

Dallas home sales rebounded in April, with an 11% increase over last year, besting the 4% increase in March and the 10% increase in February.  Sales in the first four months of the year are 4% ahead,  Pending sales in April were up 11%, pointing to a good May report...