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

 

State of the D-FW Market


State of the D-FW Market

 

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.