May 11, 2015

Dallas Real Estate Update May 2015

Home prices continue to rise and sales stay strong throughout Dallas and North Texas. Here is the latest look at the dollar volume of single family, existing home sales. This doesn't include condos, multifamily properties, lots or new construction.

Click on the chart for a closer look.

In April 2015 dollar volume of sales hit $2.175 billion, which is an all-time high for April. About half of this increase was caused by an increase in the number of transactions, while the other half was caused by an increase in the average sales price of homes that sold.

"Inventory remains at all-time lows, giving sellers significant leverage in extracting record sales prices," says Britt Fair, President of Hexter-Fair/First American Title Company. I agree and like Britt, anticipate this market lasting another year.
[where: 75230]

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