D-FW Home Prices Up in 3rd Quarter


D-FW Home Prices Up in 3rd Quarter

 

Dallas-Fort Worth home prices were up 8.5% in the 3rd quarter, compared to the same period last year, according to the National Association of Realtors. Home prices were up in 87% of the 170 U.S. cities included in the price comparison.

 

Almost two dozen U.S. markets saw double-digit appreciation in third-quarter. The biggest increases were in Florida, including the Tampa area (up 20.7%), Punta Gorda (up 19.7%) and Naples (up 16.8%).

 

Among the major Texas markets, Dallas-Fort Worth had the biggest home price hikes, followed by Austin (7.4%), Houston (7.3%) and San Antonio (6.9%).

 

The North Texas median sales price for a single-family home reached $210,000 in the 3rd-quarter report. That compares with a nationwide price of $229,000 in the same period.

 

To determine what your North Texas home is worth, contact an Ebby Associate today. It’s easy to find the right agent for your residential real estate needs at the award-winning ebby.com.

D-FW Nation’s Hottest Housing Market


D-FW Nation’s Hottest Housing Market

 

The Dallas-Fort Worth area has the hottest housing market in the country, according to a just-released report from Realtor.com.

 

Analysts rated the top markets in April based on demand for housing and how long it takes to sell a property.

 

After the D-FW area, other cities at the top of the 15 hot housing markets list include Santa, Rosa, Calif.; Denver; Boston, and San Diego.

 

“As the market shows strong signs of health and improvement during the start of spring home buying season, these 15 markets are the best in the country from both a supply and demand perspective,” Realtor.com economist Jonathan Smoke said in the report. “Sellers are seeing listings move between 29 and 49 days more quickly than in the rest of the country and at an accelerating pace from just last month – an average of five days faster.

 

“Meanwhile, these markets are especially attractive to buyers, as listings are viewed two-to-three times more often than the national average.”

 

So far in 2015, median single-family home sales prices in North Texas are up about 9 percent from a year ago. And the number of homes sold in the area so far this year by Realtors is 4 percent higher than in 2014.

 

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To view all of the listings in North Texas and to find the best real estate agent for your needs, visit the award-winning ebby.com.

 

 

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.

 

Home Sales Increasing


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Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that the U.S. housing market is once again gaining momentum.

 

The National Association of Realtors said today that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes. It marked the first time that sales have been above the 5 million-mark since October.

 

Nationwide, the median price of a home sold in June was $223,300, up 4.3 percent from a year ago.

 

Closer to Home in North Texas 

 

According to data from the Real Estate Center at Texas A&M and North Texas Real Estate Information Systems, pre-owned home sales in June set an all-time record of 9,481 homes sold in a single month, and median sales prices were 10 percent higher than a year ago at a record $199,900.

 

The Ebby Halliday Companies are setting records as well. Sales volume through June 30 is well ahead of the firm’s all-time record-setting pace of 2013 and sales continue to increase.

Inventory at Historic Low


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The number of houses listed for sale with North Texas Realtors in January — 19,090 properties — was the lowest inventory of homes on the market in almost 10 years. There were 13 percent fewer houses for sale in North Texas than in January 2013, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.

 

In January, there was a record low 2.6-month supply of homes offered for sale by real estate agents in North Texas. That’s approximately half the home inventory that North Texas had in early 2012.

 

The tight housing market is placing upward pressure on prices. Median home sales prices in North Texas in January rose 10 percent from a year ago to $165,000.

 

If you are considering listing your North Texas home for sale, Ebby Halliday Realtors offers a track record of success – more than 19,500 home sales in 2013 alone. To get started, visit the award-winning ebby.com.