Dallas Home Sales Stats for July, 2019

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 in the $200’s and $300’s account for 55% of all Dallas homes sold, and those sales were up 6% and 7% respectively.  Year to date, Carrollton/Farmers Branch is the best performing market I track, with sales up 17%.  Following closely behind is Allen, up 12% and North Oak Cliff, up 10%. Richardson sales had a great July and are up 7% YTD.

On the flip side, the higher-end market can best be described as sluggish.  The greater Park Cities area was off 8% in July, bring its seven month total sales down to -3%.  The Uptown condo and townhome market is off 16% year-to-date, with all price points $200K and above for condos and townhomes in negative territory.   Those two market along with North Dallas also have the longest days-on-market, at 83 days, 70 days and 69 days respectively.

It’s very positive seeing the “affordable” end of the market do well.  This is where the greater number of buyers are, and it points to a continuation of our strong economy.  Our lower interest rates are leading the way.  I’m looking for the higher end to gain traction soon, but pending sales are down.  It may be September, with school back in session and vacations behind us, before we see a bump in sales there.

Overall Market (North Texas):
Jul 19 vs 18: Sales up 7%, med price up 3%, DOM 46 up 21%.

YTD 19 vs 18: Sales up 1%, med price up 2%, DOM 51 up 17%.

Uptown, Downtown and Turtle Creek (Condos and Townhomes):

Jul 19 vs 18: Sales down 3%, med price up 1%, DOM 70,
up 33%.

YTD 19 vs 18: Sales down 16%, med price down 5%, DOM 62, up 15%.
Highland Park and University Park, Bluffview, Devonshire and Greenway Parks:
Jul 19 vs 18: Sales down 8%, med price up 2%, DOM 83, up 54%.

YTD 19 vs 18: Sales down 3%, med price up 7%, DOM 69, up 11%.
East Dallas (incl M’s and Lakewood):

Jul 19 vs 18: Sales down 7%, med price down 11%, DOM 49, up 26%.

YTD 19 vs 18: Sales down 3%, med price down 4%, DOM 48, up 30%.
North Dallas (South of LBJ):
Jul 19 vs 18: Sales up 14%, med price down 15%, DOM 69, down 9%.

YTD 19 vs 18: Sales down 2%, med price down 4%, DOM 67, down 12%.

Far North Dallas (incl Addison and to Park Blvd in Plano):
Jul 19 vs 18: Sales down 7%, med price down 1%, DOM 44, up 52%.

YTD 19 vs 18: Sales down 9%, med price down 1%, DOM 46, up 28%.
Northwest Dallas:
Jul 19 vs 18: Sales down 2%, med price up 15%, DOM 58, up 76%.

YTD 19 vs 18: Sales down 5%, med price up 2%, DOM 50, up 32%.
Northeast Dallas (incl Lake Highlands):
Jul 19 vs 18: Sales up 7%, med price down 6%, DOM 43, up 16%.

YTD 19 vs 18: Sales up 5%, med price unchanged, DOM 46, up 24%.
Plano:
Jul 19 vs 18: Sales up 11%, med price up 1%, DOM 39, up 22%.

YTD 19 vs 18:  Sales down 5%, med price down 1%, DOM 44, up 26%.
Frisco:
Jul 19 vs 18: Sales up 7%, med price unchanged, DOM 54, up 15%.

YTD 19 vs 18: Sales down 6%, med price up 4%, DOM 63, up 15%.
Richardson:

Jul 19 vs 18: Sales up 43%, med price down 1%, DOM 32, up 33%.

YTD 19 vs 18: Sales up 7%, med price up 3%, DOM 36, up 38%.
Southlake:

Jul 19 vs 18: Sales unchanged, med price down 8%, DOM 61, up 13%.

YTD 19 vs 18: Sales down 4%, med price up 1%, DOM 52, up 2%
Coppell:

Jul 19 vs 18: Sales unchanged, med price up 10%, DOM 33, down 6%.

YTD 19 vs 18: Sales down 1%, med price down 3%, DOM 37, down 3%.
Allen:
Jul 19 vs 18: Sales up 16%, med price up 6%, DOM 47, up 34%.

YTD 19 vs 18: Sales up 12%,  med price up 7%, DOM 53, up 51%.
Rockwall (incl Heath):

Jul 19 vs 18: Sales up 3%, med price unchanged, DOM 29, up 38%.

YTD 19 vs 18: Sales up 1%, med up 2%, DOM 64, up 25%.
Cedar Hill:
Jul 19 vs 17: Sales down 10%, med price up 9%, DOM 42, up 40%.

YTD 19 vs 18: Sales up 1%, med price up 5%, DOM 38, up 19%.
North Oak Cliff (incl Kessler Park, Stevens Park, Winnetka Heights):
Jul 19 vs 18: Sales up 39%, med price up 14%, DOM 46, up 15%.

YTD 19 vs 18: Sales up 10%, med price up 5%, DOM 49, up 11%.

Carrollton/Farmers Branch:

Jul 19 vs 18: Sales up 18%, med price up 5%, DOM 31, up 35%.

YTD 19 vs 18: Sales up 17%, med price up 5%, DOM 38, up 41%.

For Las Colinas: Call me at my Allie Beth Allman & Associates office, 214-563-8540.

Here is a look at Single Family home sales by price category for YTD 2019 vs 2018:
$200-299K (35.1% of sales): up 6%, 2.3 months inventory
$300-399K (19.7% of sales): up 7%, 3.4 months inventory
$400-499K (9.2% of sales): up 2%, 4.4 months inventory
$500-599K (4.3% of sales): up 2%, 4.8 months inventory
$600-699K (2.3% of sales): up 7%, 5.9 months inventory
$700-799K (1.2% of sales): down 2%, 6.4 months inventory
$800-899K (0.8% of sales): down 1%, 7.4 months inventory
$900-999K (0.5% of sales): up 16%, 8.6 months inventory
$1MM and up (1.7% of sales): unchanged, 10.4 months inventory
Here is a look at Condos and Townhomes sales by price category for YTD 2019 vs 2018.
$200-299K (28.1% of sales): 1023 units vs 1048 units year ago, 3.3 months inventory
$300-399K (19.2% of sales): 702 units vs 723 units year ago, 5.1 months inventory
$400-499K (7.6%of sales): 276 units vs 317 units year ago, 5.9 months inventory
$500-599K (3.5% of sales): 129 units vs 153 units year ago, 7.4 months inventory
$600-699K (1.6% of sales): 58 units vs 59 units year ago, 8.7 months inventory
$700-799K (0.4% of sales): 16 units vs 23 units year ago, 16.2 months inventory
$800-899K (0.3% of sales): 12 units vs 17 units year ago, 9.3 months inventory
$900-999K (0.4% of sales): 13 units vs 13 units year ago, 9.7 months inventory
$1MM + (0.9% of sales): 33 units vs 46 units year ago, 21.6 months inventory
Bob Edmonson, Allie Beth Allman & Associates, 214-563-8540

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