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North Texas home sales are on track to exceed 100,000 in 2017!

Posted by Brandon Stewart on Wednesday, August 30th, 2017 at 2:27pm.

Real Estate Outlook

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.

If you have questions about the price your home might bring in today’s market, or want to learn more about securing your dream home, please contact me. With my personal expertise in the local market and the powerful resources of Virginia Cook, REALTORS®, I am positioned to bring you outstanding results whether you are buying or selling in today’s exciting market.

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