Wow, it sure did get hot fast this year! Summer has barely unfurled, but the North Texas residential real estate market is already delivering blistering sales in June. In Dallas-Fort Worth, homes are moving off the market 13.6 percent faster than they did at this time last year as prices continue to hit new record highs.
The average home sales price in North Texas in May was $286,200, 6.3% higher than one year ago. However, much of the effect of higher prices is being offset by mortgage rates that are the lowest we’ve seen in three years.
Interested in your home’s value in this red-hot market? Contact an Ebby Associate today. To get started, visit the award-winning ebby.com.