North Texas home sales are on track to exceed 100,000 in 2017!
Home sales in July once again exceeded the previous year by a double digit increase. However, for the first time in years, we had a significant increase in the supply of homes available.
At the end of July, 22,660 homes were listed for sale with REALTORS® in the more than two dozen North Texas counties. That's a 10 percent gain in home inventory in the last year and the most homes on the market in over five years. While the inventory is still under a six-month supply (which is considered a balanced market), there are more choices for the high volume of buyers who include employees being transferred into the D-FW region by relocating corporations such as State Farm and Toyota.