Market Update

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...

The first quarter ended with overall home sales in Dallas up 4% over year ago, still running in positive territory but at a slower pace than in recent times.  Inventory remains tight, and interest rates are edging upwards.  In March, sales were up 4% compared to...

So, interest rates have inched up and prices have continued their upward march.  For many, property tax won't now be fully deductible. Home sales could be expected to decline in this scenario...but that's not the case.  February sales were up 10% over year ago,...

North Texas home sales continued their 2017 upward trend, up 12% in January, with median sales prices up 5%.  A total of 6,246 single family homes were sold in January, the most ever for this month.  Condo sales totaled 414 units, up 10%, with the largest increase in...

It was a record year in North Texas in 2017, with 106,000+ single family homes sold, up 5% over the previous high in 2016.  Median sales prices were up 9%.  December alone produced a 12% increase in sales over the same month last year, with median prices up 8%.  The...

More than 8600 preowned single family homes were sold in November in the greater Dallas area, more than a year ago (+14%) and more than in October.  So far in 2017, almost 98,000 sold homes indicates last year's record of 101,500 may be broken.  We'll know by mid...