The 2015 Dallas market has started off with a bang. Despite our low inventory of homes for sale, we've got a lot more activity than is typical for this 'slow' time of year. Higher priced homes are experiencing better sales than we've seen in a long time. That's great news for North Dallas sellers, because this is the area with the biggest concentration of higher priced homes.
Take a look at this graph showing North Texas single family home sales by dollar volume. Hexter-Fair Title charts these monthly figures by year. In December 2014, the dollar volume of home sales shot up to $1.78 billion, which is 22% higher than December 2013. This huge gain was achieved with 12% more transactions.
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