DFW housing sales shatter records, not ornaments, for $24B year-endDFW housing sales shatter records, not ornaments, for $24B year-endhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=114792015-12-14T06:00:00Z2015-12-14T16:00:00Z

​​​​​DALLAS-FORT WORTH – The strong housing market in DFW shows no signs of slowing — despite expanded lending regulations— with analysts expecting the region's home sales to reach $24 billion by the end of the year.

That would more than double the market's sales volume in four years. 

"We were ecstatic when the market reached $11 billion at the end of 2011," said MetroTex President Steve Habgood. "This year, we reached $22.7 billion by the end of November and could conceivably reach $24 billion for the year."

This year's record-breaking sales are tied partially to the tight inventory of homes in North Texas and the influx of new residents moving to the region for jobs.
According to MetroTex Association of Realtors' research, homes listed for sale between $100,000 to $400,000 typically are on the market for an average of two months or less.

On average, homes are selling in 45 days, or 20 percent fewer days year-over-year.

Homes in North Texas have an average sales price per sf of $113, or a 9 percent increase year-over-year. 

The average sales price for a home in Dallas-Fort Worth is $256,322, which is an 8 percent increase year-over-year.
Dallas Business Journal
Dallas-Fort Worth-Arlington

Want Housing ​stats? See Dallas-Fort Worth Market Research​!

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