North Texas home sales prices jumped by 13 percent in February over the same month last year.
Real estate agents sold 5,495 pre-owned North Texas homes last month – a 2 percent increase from February 2013, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate information Systems, Inc.
February’s home sales gain comes after a 1 percent drop in January from the previous year. That was the first dip in year-over-year pre-owned home sales in the area since early 2010. Notably, the inventory of homes for sale in North Texas in February was 12 percent lower than a year ago.
If you’re a regular visitor to the Ebby Blog, you already know that Dallas-Fort Worth is experiencing a record-low number of homes for sale. What you may not have considered is that with this week’s much-improved, spring-like weather (thank goodness!) there will be even more buyers out and about who are serious about purchasing a North Texas home.
Savvy sellers who list now face much less competition than they may in the late spring market. And, our agents in the field say even with the recent poor weather there was already a very strong pool of buyers looking for their next home in Dallas-Fort Worth.
At Ebby Halliday, we’re bullish on North Texas. And for good reason: Our region is one of the very few in the country that has not only regained — but has now surpassed — pre-recession home sales prices.
If you’re considering listing your home, contact one of our Associates to learn more about what your property is worth in today’s market. To find just the right agent, visit the award-winning ebby.com.
And, if you’re new to the Ebby Blog, welcome. We’re glad you’re here and hope you’ll find us to be a great source for all things North Texas!
We’re happy to share with you that the number of Dallas-area homeowners behind in their mortgage payments dropped to 3.7 percent in November. That’s down from 4.3 percent in the same month of 2012, according to a new report today from CoreLogic.
The Dallas-area number is well below the 5.09 percent of U.S. homeowners with a loan 90 days or more delinquent. Only 1 percent of Dallas-area home loans were in foreclosure in November. That’s less than half the nationwide foreclosure rate.
North Texas foreclosure filings have dropped to the lowest level in almost a decade. For next month’s foreclosure auctions, postings are about 40 percent below where they were in early 2013.
At Ebby Halliday Realtors, we’re bullish on North Texas and our increasingly stron economy. The Dallas-Fort Worth area is truly a great place to call home! To see all of the homes available for sale in North Texas, visit the award-winning ebby.com.