North Texas Home Sales Up 4 Percent in November, Median Sales Price Up

Sales of pre-owned homes in North Texas rose by 4 percent last month from November 2012. Year-to-date, sales of pre-owned homes are 18 percent ahead of the same period in 2012, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems. The median home sales price in D-FW was up 10 percent last month to $170,000, according to NTREIS statistics.

Offered for $799,900, the home at 4240 Cedar Brush in Dallas was on the market only 15 days. Ebby s Hanne Sagalowsky represented the seller. Ebby s Terri Gum represented the buyer.

The North Texas housing market has made up what was lost in the recession and is now at record levels. Our region is one of a very few U.S. home markets that can make that claim.

While the increase in home sales in North Texas moderated somewhat in November, the market is still very tight. On average, it took slightly less than two months to sell the homes that were purchased in November.

The inventory of single-family homes for sale in North Texas was down 13 percent last month from November 2012. The current 2.9-month supply of houses for sale in North Texas is one of the lowest inventories ever recorded for our area.

With sales prices rising and available housing inventory at record lows, now is a great time to contact an Ebby Halliday Associate to discuss the marketing of your property. To get started, visit the website voted one of the industry s best by the Web Marketing Association,, where you ll find just the right real estate professional for your needs.