Dallas maps home prices; sales look up further south | Dallas maps home prices; sales look up further south | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12030 | 2016-02-09T06:00:00Z | 2016-02-09T18:45:00Z |
DALLAS AREA - Southern Dallas scored big wins in the 2015
housing market. Residential districts stretching from Oak Cliff to Ellis
County had some of the largest gains in home prices and sales last year. At the same time, home sales stuttered in northern suburbs
where a lack of homes on the market cut into 2015 sales totals. Demand for affordable housing led the big price gains in
residential districts in Southeast Dallas, Cedar Hill, Kaufman and Ellis
counties, according to year-end North Texas home price data from the Real
Estate Center at Texas A&M University. Preowned home sales for last year rose by 12 to 20 percent
in those markets, compared to less than a 5 percent 2015 home sales rise in the
almost 50 North Texas markets The Dallas Morning News tracks each quarter. Home sales and prices in some of those southern residential
districts were still making up ground lost during the housing crash, real
estate agents say.
Home sales price appreciation was a factor in almost every
Dallas-area neighborhood in 2015. The biggest price gains were in Southeast Dallas and Oak
Cliff (median price up 24 percent from 2014), The Colony and Southern Dallas
(up 22 percent) and Euless (up 19 percent). These areas all saw strong home sales last year. Home inventories were the tightest in The Colony, Bedford
and Richardson with less than a one-month supply. Mesquite, Carrollton-Farmers
Branch, Garland, Plano, Grand Prairie, Grapevine, Sachse-Rowlett, Wylie and McKinney
all had less than a 1.5-month inventory of houses on the market with real
estate agents last year. More than 62,000 preowned single-family homes were sold by
real estate agents last year in the Dallas-area—an all-time high number of
property purchases.
Most analysts are forecasting a decline in
housing activity this year unless more properties come on the market. | Dallas Morning News
| Dallas-Fort Worth-Arlington
| Housing
| | | | View
the story and interactive map at the Dallas Morning News. Click to see the NTREIS Marketwatch Report by County (PDF). | Read more at the {Source} |