Last year in DFW, median home prices were up 9%, the highest in Texas. Median price for homes sold was $232,000 and Dallas averaged 1.8 months of inventory, hence a sellers market. This did not stop purchasers from buying homes; however, home sales were up 4.4% from 2015 equaling 323,607 homes sold in 2016. Wow! Curious to know your situation then let me know!
According to a recent Dallas Morning News article, “Led by DFW, Texas Home Sales Set Scorching Pace in 2016. Texas home sales hit record levels last year for both prices and the number of properties purchased. It was the second year in a row that the state’s housing market reached an all-time high, according to a new report by the Texas Association of Realtors.”
To read the full article about home sales in the hot DFW market, click here!