September 2018 RSS Feed

• Agents sold 10,488 preowned homes in August, a 1% decrease from August 2017.
• The year-to-date sales pace remains 1% ahead of 2017, which had the highest number of sales on record.
• The average sales price in July climbed again by 5% to $313,263.
• Demand and price appreciation for more expensive homes has flattened out.
• Strongest sales pace in August was for homes in the $200,000 to $400,000 price range.

North Texas continues to be a top destination for in-migration from other states. Job growth is high and home pricing is reasonable compared to metros on the coasts. For these reasons, experts predict that we will continue to experience a healthy, stable housing market. But, residential real estate will always be a localized…

After a decline in June, North Texas existing home sales rose again in July with most of the activity occurring in the $200,000 to $400,000 range.  New home starts are up 12% from 2017 as builders respond to the demand and lack of inventory in this price range.  On the flip side, demand and price appreciation for higher-priced homes has softened, which makes it a great time to be a move-up buyer.  But, the key to achieving your buying or selling goals in any price range is working with a professional who understands the diversities of today's market.