Dallas: Home sales set another record for North Texas in 2017, with 106,000+ single family homes, up 5% over the previous high in 2016. Prices were up 9%. The biggest increase was in sales of million-dollar homes, up 21%. Listings were up 6%, but still at only a two-month supply. Almost 40% of Dallas-area homes sold for more than 40% above the listed price, a proportion that tracks the last three years. Nationally, that ratio was about 1 in 4 homes. Above list prices in San Antonio were 42%, in Austin 33% and Houston 33%.
Read the January 12th Allmanac for the latest news in Dallas real estate!
January 14, 2018