Home Sales, Prices Set Record in May


Home Sales, Prices Set Record in May

 

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.

 

 

 

Dallas-Fort Worth Home Sales Soar


Dallas-Fort Worth Home Sales Soar

 

North Texas home sales were up 15 percent in April as housing activity rose to the highest level since last summer, according to Steve Brown over at The Dallas Morning News. Real estate agents sold 9,178 preowned single-family homes through the Multiple Listing service last month.

 

Almost 30,000 homes have changed hands during the first four months of 2016, a 14 percent increase over the same period last year.

 

And prices of North Texas homes continue to reach new levels. In April, the median price of a single-family home sold by real estate agents in Dallas-Fort Worth was a record $220,000. That’s up 7 percent from a year earlier.

 

May is already on track to be another big month for home sales. More than 10,000 homes are under contract for purchase – 17 percent more than a year ago.

 

 

Dallas-Fort Worth Housing Market Leads Texas


Dallas-Fort Worth Housing Market Leads Texas

 

The Dallas-Fort Worth area had the biggest home sales jump of any major Texas market in August, according to the latest statewide data and Steve Brown at The Dallas Morning News.

 

Home sales in Fort Worth were up 14 percent last month from a year ago and in the Dallas area sales were 13 percent higher year-over-year.

 

The North Texas increase is almost twice the 7 percent statewide gain in home sales last month compared with August 2014.

 

Home sales in the Houston area were flat in August. Sales were 7 percent higher in Austin and up 4 percent in San Antonio.

 

In August real estate agents sold 29,685 homes were sold statewide, 1,900 more than in August 2014.

 

The Dallas-area also led the state in median home price increases, up 9.7 percent from August 2104.

 

Statewide median prices were up 7.4 percent

 

D-FW Home Sales Hit Record High


D-FW Home Sales Hit Record High

 

Real Estate Reporter Steve Brown over at The Dallas Morning News reports that more homes were sold in North Texas in June than have ever sold in a single month in the region. With 10,575 pre-owned single-family homes changing hands, sales were up 12 percent.

 

Sales prices also hit a new high in June, with a median price of $220,000, according to data from the North Texas Real Estate Information Systems. June’s home prices were 12 percent higher than a year earlier.

 

With pending sales in June up 14 percent, July and August are likely to see continued strong home purchase activity in the Dallas-Fort Worth area.

 

Considering selling your North Texas home? Ebby Halliday’s seasoned sales team is ready to assist. To find just the right agent for your residential real estate needs, visit the award-winning ebby.com.

 

GRAPHIC: The Dallas Morning News

An Extraordinary Year for North Texas Real Estate


An Extraordinary Year for North Texas Real Estate

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.

D-FW Market Gets Year-End Surge


9757 Spring Branch Drive: Sold by Ebby’s Karen Keegan in just 20 days.

 

 

Real estate reporter Steve Brown provides a nice recap of the 2014 D-FW real estate market in today’s Dallas Morning News.

 

According to Brown, North Texas real estate agents sold a record number of houses in 2014 and a jump in fourth-quarter home starts made last year the best year for home construction in the Dallas-Fort Worth area since the recession.

 

A year-end surge in home purchases and construction was prompted by lower mortgage rates and economic expansion in Dallas-Fort Worth, housing analysts say.

 

More than 90,000 pre-owned single-family homes changed hands last year in North Texas — a 1 percent increase in over 2013. North Texas home sales in 2014 were about 5 percent higher than in 2006, before the recession. And sales have grown more than 40 percent since 2010.

 

Home purchases in December through the Multiple Listing Service were particularly robust — 12 percent higher than a year earlier. Sales prices were 11 percent ahead of December 2013, with a median of $193,940.

 

At the end of the year, median home sales prices in North Texas were almost 40 percent above where they were in early 2010, when the recession reduced residential values.

 

Housing analysts and real estate agents say that recent declines in home finance costs helped boost sales in the final months of 2014.

 

Longtime Ebby agent Barry Hoffer says falling mortgage costs have definitely caught buyers’ attention.

 

“With the recent announcement from the Federal Reserve that rates may be going back up, buyers who had been considering a home have been taking action,” said Hoffer in the DMN article. “They hate to pay more interest if they don’t have to.”

 

Hoffer pointed out that sales would be even higher if there were more houses on the market. December’s inventory of homes for sale was the smallest number in more than a decade — 14 percent fewer than in December 2013.

 

Of course, all real estate is local. To learn more about your neighborhood of interest or the current value of your D-FW home, contact an Ebby Associate today. To get started, visit the award-winning ebby.com.

 

D-FW Home Sales Rise Sharply


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Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to a just-released report from the  National Association of Realtors.

 

Nationwide, existing-home sales rose 1.5 percent in October from September. Sales are at their highest annual pace since September 2013 and are now above year-over-year levels (2.5 percent) for the first time since last October. In Dallas-Forth Worth, home sales were up sharply at 5.7 percent year-over-year.

 

The median existing-home price nationwide was $208,300, which is 5.5 percent above October 2013. In D-FW, the median home price was $182,000, also up 5.5 percent. October marked the 32nd consecutive month of year-over-year price gains.

 

 

Home Sales Up Again


 

After a modest decline nationwide in August, existing-home sales bounced back in September to their highest annual pace of the year, according to a just-released report from the National Association of Realtors. All major regions of the country except the Midwest experienced gains.

 

Single-family home sales rose 2 percent in September over August, but are 1.9 percent below the pace a year ago. Nationwide, the median single-family home price was $210,300, up 5.9 percent from September 2013. In Dallas-Fort Worth, that number was $185,000, up 9.3 percent.

 

Discover what’s for sale in Dallas-Fort Worth in your price range  at the award-winning ebby.com.

 

 

Housing Price Gains Smallest Since Last Summer


Housing Price Gains Smallest Since Last Summer

 

Dallas-area home prices rose at the slowest rate in 10 months, according to the just-released Standard & Poor’s/Case-Shiller Home Price Index.

 

Dallas prices were up 8.6 percent in May from a year ago. Nationwide, prices rose 9.4 percent in the same period.

 

The lower home price gains had been predicted by analysts who see some moderation after many months of double-digit price increases. Eighteen of the 20 cities Case-Shiller surveys had lower gains in May than in April.

 

Dallas’ increase was the smallest since July of last year. Earlier this year local home prices were growing at more than 10 percent from a year ago.

 

The largest annual gains in May were in Las Vegas, 16.9 percent, and San Francisco, 15.4 percent. The smallest increase was in Cleveland, 2.4 percent.

 

Dallas-area home prices are now at a record level – up more than 9 percent from where they were before the recession. And prices here are almost 25 percent ahead of where they were at the worst of the economic downturn in 2009. Dallas-area prices have been rising in the Case-Shiller study for more than 24 months.

 

PHOTO: The Dallas Morning News

 

Pending Home Sales Rise Nationwide


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Contracts to purchase previously owned U.S. homes climbed in March by the largest percentage in almost three years, according to a report released today from the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.4 percent, the most since May 2011.

 

Three of four U.S. regions showed an increase from February, with contract signings up 5.7 percent in the West, 5.6 percent in the South and 1.4 percent in the Northeast. Pending sales dropped 0.8 percent in the Midwest.

 

“Sales activity is expected to steadily pick up as more inventory reaches the market, and from ongoing job creation in the economy,” according to Lawrence Yun, NAR chief economist.

 

During the first quarter, sales at the Ebby Halliday Companies continued to outperform the market with a 9.6 percent increase over the same period in 2013.