Year-over-year home sales for January and the relatively low inventory of homes available to purchase indicate there is no reason to wait until spring to list your home for sale, according to Chris Kelly, president and CEO of the Ebby Halliday Companies.
“The latest numbers from North Texas Real Estate Information Systems offer a compelling case for sellers who would like to get a head start on their potential competition,” Kelly says.
A few of the highlights from the NTREIS numbers for January 2019 vs. January 2018 include:
* The average sales price for a North Texas home rose 2.8%.
* The average percent of original list price sellers received was 95.2%
* The average days on market was 57 days.
“These numbers make it clear that the winter of 2019 offers a great climate in which to list a North Texas property for sale,” Kelly says. “Potential sellers should act now to get ahead of the traditional spring market.”
If you’re considering listing your home, contact an Ebby Associate to learn more about the real estate market in your neighborhood and to find out 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, mobile-friendly ebby.com.
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!
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.
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.
Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to a just-released report from the National Association of Realtors. All four regions of the country experienced sales gains compared to a month earlier.
Nationwide, existing home sales rose 4.9 percent in May, but remain 5 percent below May 2013. The 4.9 percent month-over-month gain in May was the highest monthly rise since August 2011. Closer to home, in the country’s South region, sales rose 5.7 percent in May, and were down only 0.5 percent from this time last year.
“Home buyers are benefiting from slower price growth due to the much-needed, rising inventory levels seen since the beginning of the year,” says Lawrence Yun, NAR chief economist. “Moreover, sales were helped by the improving job market and the temporary but slight decline in mortgage rates.”
The median existing-home price nationwide in May was $213,400, which is 5.1 percent above May 2013. In the South region, the median price was $184,800.
To learn more about the real estate market in your neighborhood — or your neighborhood of interest — or to determine what your property is worth, contact an Ebby Associate today. To find the ideal agent for your residential real estate needs, visit the award-winning ebby.com.
Dallas-area home prices are up 10.4 percent over April 2013, according to a report released today from CoreLogic Inc. Dallas was one of eight major U.S. cities with double-digit percentage price gains.
Nationwide, home prices are up 10.5 percent in April 2014 compared to April 2013. That’s now 26 months of consecutive year-over-year increases in home prices nationally. No states posted depreciation in April 2014.
Texas, Colorado, Louisiana, Nebraska, Oklahoma, North Dakota, South Dakota, and Wyoming all surpassed their previous home price peaks. In all, 23 states and the District of Columbia are at or within 10 percent of their peak home price appreciation.
To learn what your North Texas home is worth in the current real estate market, contact an Ebby Halliday Associate today. To get started, visit the award-winning ebby.com.