Market Update

The full year results are in, and home sales in the greater Dallas area set a new record, totalling 101,529 homes and topping 100,000 for the first time.  The largest increases were in the $300,000 to $600,000 range, with gains ranging from 20% to 26% (see below)....

November's 26% increase in home sales was the biggest year-over-year gain in almost five years. Most of the houses sold would have been under contract before the national election.  Median prices of homes sold jumped 15% and are still rising, because the supply of...

Here we are at the final turn to the finish line for 2016, and it will go down as another record year for homes sales and higher home values in the North Texas market.  Through October, home sales are up 5% and median sales prices up 10%.  We've discussed the reasons...

August was an unusually strong month for home sales in the Dallas market, up 12% versus year ago.  We had been seeing a lower year-over-year sales trend from spring to July, where home sales in July dropped below a double-digit monthly increase vs the previous year....

Summer is blazing hot, and so has been the Dallas real estate activity thus far.  We sold a record number of single family homes in June, 10,857 homes in the 22 county area, and we came close to matching that effort in July.  The median sales price of homes sold is up...

DFW ranks #1 in the U.S. for overall real estate prospects, according to the 2016 Emerging Trends in Real Estate, compiled annually by the Urban Land Institute.  The survey of 500+ real estate execs and 125 industry leaders ranks DFW as the #1 homebuilding market, #2...

This April report is a little late--sorry for the delay...May numbers are almost out!  Buy you probably guessed right--April didn't disappoint. In the heart of the Spring Market, greater Dallas home sales climbed 15% from year ago levels, with the median sales price...

The first quarter results are impressive--a double digit sales gain in March produced a first quarter with a 16% increase in overall Dallas home sales, with a 9% increase in the median sales price vs year ago.  Inventory remains low (actually a 20-year low), ranging...

February home sales in Dallas were up 22% over year ago, the third month out of the last four with sales gains of 20% or more.  The median price of homes sold was up 9% over year ago, certainly reflecting appreciation but also the lower number of "starter" homes...

  We are off to a good start!  Home sales in January in Dallas were up 20% over year ago, a surprising result given that December sales were 21% higher than the year before.  January is historically the slowest sales month of the year, and many of us anticipated...