The north Texas housing market broke records in May, up 23% over last year, with 9,197 homes sold, the most ever in one month. Condo sales were 614, up 54%. Median home prices rose 11%, highest level ever. Pending sales for homes are up 14%, for condos 32%. Although listings were up 8%, the total inventory was down 22% from last year. 118 homes were sold in the Park Cities and 118 in Preston Hollow.
Read the June 14th Allmanac for the latest news in Dallas real estate!
June 17, 2013