North Texas home sales surged in May, setting new records, according to Steve Brown, real estate editor at The Dallas Morning News.
Real estate agents sold 11,302 preowned single-family homes in May — the largest number of home sales ever in a single month in North Texas.
May’s home sales were 9 percent higher than the same month in 2017, according to the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.
The median sales price for a North Texas home was $266,500 — the highest ever recorded. That’s up 5 percent from May 2017, and is half the gain seen at the same time the prior year.
The greatest increase in home purchases this year has been for houses priced between $200,000 and $500,000. Overall home sales in North Texas were 4 percent higher in the first five months of 2018 compared with the same period last year.
More than 22,000 homes were listed for sale through the real estate agents’ multiple listing service in May. That’s up 13 percent from a year earlier.
To find just the right agent for your North Texas residential real estate needs, visit the award-winning, mobile-friendly ebby.com.
Earlier today, President and CEO Mary Frances Burleson, addressed the company’s sales associates via her weekly e-mail communication, “Your professionalism and performance is outstanding. In true Ebby fashion, you clearly provide unsurpassed service to your clients, to your communities and to the real estate industry.
“We are honored to recognize your performance and your contribution to our collective success, Burleson added. “It’s our shared success that perfectly positions the Ebby Halliday Companies and its Associates for continued distinction and growth far into the future.
“I would like to personally thank each and every one of you for your individual achievement and for your invaluable contribution to the Ebby Halliday family of companies.
“Many, many thanks to you all! You are truly the best!”
And many thanks to you Mary Frances. We couldn’t have said it any better!
The arrival of fall (at least on the calendar) offers a great opportunity for a check-up of the local housing market. We reviewed the latest numbers and one thing we can say for sure is that what was once considered real estate wisdom – the ideal time to list your home for sale is the traditional spring selling season – is no longer true for Dallas-Fort Worth-area homeowners.
Year-over-year home sales for August and the current low inventory of homes available to purchase indicate there is no reason to wait until spring to list a North Texas home for sale. The latest numbers from North Texas Real Estate Information Systems offer a very compelling case for sellers who would like to get a head start on their potential competition.
A few of the highlights from the NTREIS numbers for August 2016 vs. August 2015 include:
* The average sales price of a North Texas home has risen 7.9 percent.
* The average time a home is on the market is only 37 days.
* The number of homes for sale is down 10.8 percent.
With inventory tight and homes selling very quickly, it’s critical for buyers in Dallas-Fort Worth to define their priorities early on to streamline their house-hunting process.
While today’s homebuyers have access to a wealth of information, what they often don’t have is a way to tailor that information to their needs. That’s where a properly educated real estate professional can save you a great deal of time and money. You’ll breathe easier knowing that you have an Ebby agent representing your best interests in what may be the most important decision you’ll ever make.
Considering buying or selling a North Texas home? The best place to get started is the award-winning ebby.com, where you’ll find just the right agent for your needs.
PHOTO: The home at 5730 Mercedes, which was sold by Ebby’s Hotchkiss Group, went under contract in only two days.
While it’s been warm (well, actually quite hot) for a while in North Texas, summer “officially” starts today. With sales prices up and few homes for sale, this summer offers homeowners ideal conditions to sell a home in Dallas-Fort Worth. Competition among buyers is heated and multiple offers are common.
Just how hot is the North Texas housing market? Consider that in the past 12 months:
* The average days a home is on the market is down 13.6% to only 38 days.
* The median sales price is up 8.5%.
* The number of homes for sale is also down 8.5%, meaning you’ll have less competition.
Simply put: If you’re considering listing your home, this summer offers an extraordinary opportunity. Find your Realtor at ebby.com.
While it’s already warm in North Texas, summer doesn’t officially start until Sunday, June 21. With sales prices up (significantly), fewer homes for sale and low interest rates, this summer will offer North Texas residents the ideal climate for selling a home. Competition among buyers is heated and multiple offers are common in many area neighborhoods.
Just how hot is the North Texas housing market? Consider that in the past 12 months:
* The number of homes for sale is down 19%.
* The median sales price is up 11.9%.
If you’re considering listing your Dallas-Fort Worth-area home, this summer will offer you an extraordinary opportunity. Contact an Ebby Associate to learn more about the real estate market in your neighborhood and to determine what your home is worth in today’s fast-paced market. To find the ideal agent for your residential real estate needs, visit the award-winning ebby.com.
Fantastic news today for the North Texas economy: residential real estate sales at the Ebby Halliday Companies topped $6.64 billion in 2014. That’s a record in our 70-year history, and an approximately 4% increase over our record-setting sales in 2013.
“We are so grateful to our valued clients – both home buyers and sellers – who have entrusted us with one of the largest financial transactions of their lifetime,” says President & CEO Mary Frances Burleson. “Sales records of this magnitude reflect the extraordinary performance of our sales associates. We are so pleased to recognize their professional accomplishment and success – they are the reason Ebby Halliday leads the North Texas real estate market.”
The Ebby Halliday Companies participated in 19,189 transactions in 2014 and led all North Texas brokerages with 12.2% market share. The nearest competitor had 5.6% market share.
Locally owned Ebby Halliday Realtors was founded in 1945 on three principles: service to the client, service to the industry and service to the community. The company has consistently maintained a focus on service to the community. In addition to its support of many North Texas charitable organizations, the Ebby Halliday Companies belongs to 27 local chambers of commerce, actively promoting the North Texas economy both near and far.
The Dallas-Fort Worth and North Texas residential real estate market continued 2013’s record-setting pace in 2014 with 83,000-plus home sales at a total market value of $20 billion changing ownership.
During the past two years, D-FW-area average home values have increased more than 20 percent. In the same period, the average time it takes to sell a home has decreased to less than 60 days.
The D-FW area continued to lead the nation in job growth in 2014, and the unemployment rate fell to 4.8 percent, remaining well below the national average. At the same time, salaries in the area increased in almost every income sector, according to the U.S. Bureau of Labor Statistics. That’s good news for both the local economy and area residential real estate sales.
It appears 2015 may be another stellar year for the Dallas-Fort Worth and North Texas residential real estate market and for the Ebby Halliday Companies. The recent acquisition of Williams Trew Real Estate by the Ebby Halliday Companies enhances the firm’s presence in Fort Worth and will add significantly to its ability to provide the highest quality of professional real estate services throughout the entire D-FW and North Texas area.
Through November, the Ebby Halliday Companies had participated in 1-of-every-5 D-FW area homes sold through MLS during 2014.
To view properties listed for sale throughout North Texas, visit the award-winning ebby.com.
Dallas-area home prices were up 7.4 percent in the just-released Standard & Poor’s/Case-Shiller Home Price Index.
The gain from a year ago was the fourth highest in the country and significantly ahead of the 4.9 percent nationwide gain.
The biggest increases were in Miami, up 10.3 percent, and Las Vegas, up 9.1 percent. Charlotte and Dallas were the only two cities to see their annual price gains increase from the previous month. Dallas home prices were up 7.3 percent in August.
Dallas-area home prices are now more than 12 percent higher than they were before the recession and at a record level in the Case-Shiller index.