The residential sales statistics from the North Texas MLS system shows how 2014 continues to see outstanding dollar volume. In May 2014 our sales total of $2.28 billion was the highest single sales month ever recorded in North Texas.
The May 2014 dollar volume was 6% better than May 2013. Average prices were up 7% while the number of actual transactions was down by 1%. The low inventory of single family homes continues to push prices up, and that reduced inventory is also responsible for fewer transactions closing.
Click on the chart for a closer look.