Dallas: Preowned homes sales in North Texas totaled 101,529 in 2016, topping 100,000 for the first time. In December, 8,635 homes were sold (MLS) and the median price rose 10% from a year earlier. North Texas home prices are up 40% in four years. Only 16,400 homes were listed at the end of 2016, less than a two-month supply. Biggest increase in homes were in the $300,000-$600,000 range, up 20%. Sales of $1 million-plus homes were 12% higher, with 1,367 sold.
Read the January 13th Almanac for the latest news in Dallas real estate!
January 14, 2017