Both home sales and prices in North Texas are at record levels. And 2017 has been the strongest year for the local housing market since the Great Recession.
The outlook for 2018 is for more home market gains. But the rate of home price increases should slow as the inventory of homes for sale in the D-FW area rises.
North Texas preowned-home sales
Monthly sales of preowned single-family homes by real estate agents.
Home prices
Median home sales prices for preowned single-family homes sold by real estate agents in North Texas.
Home inventory
Number of preowned single-family homes listed for sale with real estate agents in North Texas
How neighborhoods compare
Based on home sales data for the first nine months of 2017:
SMALLEST HOME INVENTORIES
Months’ supply of preowned single-family homes listed for sale with real estate agents.
SHORTEST HOME SALES TIME
Average number of days to sell a home.
Most of the house price inflation — for both new and existing homes — will come at the entry-level price point under $250K where there is an imbalance — more demand than there is housing product. Conversely, sales of new homes over $500K are starting to flatten.
HIGHEST SALES PRICES
(per square foot)
Published on 2018-01-31 17:47:14
