August 2017 RSS Feed

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…

source: Dallas Business Journal

Dallas and Fort Worth rank as two of the top housing markets in the United States based on current and projected real estate fundamentals, according to Ten-X Research, an online Irvine, California-based firm that tracks the real estate market.

The two North Texas cities ranked as "hot," markets based on the strength of the single-family market based on current and future expectations, said Ten X Research CMO Rick Sharga.

"Dallas and Fort Worth are sitting in some high-performing real estate markets with some strong economic fundamentals," Sharga told the Dallas Business Journal."It shows these markets are getting away from that boom or bust cycle. They are extremely strong job markets and the affordability…