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.

 

 

 

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.

North Texas Home Prices Rise in February


R

 

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.