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June good for North Texas real estate agentsJune good for North Texas real estate agentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=138292016-07-12T05:00:00Z2016-07-12T17:00:00Z

​DALLAS – North Texas real estate agents in June sold the most houses ever in a single month.

Last month, 10,857 pre-owned sin​gle-family homes were sold in the area, 7 percent more than in June 2015. Pre-owned home sales are 9 percent above last year's record purchases during the first half of the year, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.

"Your housing market is going and blowing," said Dr. Jim Gaines, chief economist with the Real Estate Center. "It's uncharted in the sense of price levels and sales levels."

The median price of North Texas houses was $237,500, up 8 percent from last year and a record for the area.         

At midyear, there were fewer than 20,000 single-family homes listed for sale with real estate agents in the more than two dozen counties included in the North Texas numbers. On average, it took only 37 days to sell a house in the area, an 8 percent drop from a year ago.

"The inventory is still extremely tight," Gaines said. "There is only a 2.3-month supply, which is nuts. It's getting progressively tighter and tighter."

Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
http://www.dallasnews.com/business/headlines/20160708-north-texas-hot-summer-housing-market-sets-record-for-sales-and-prices.eceRead more at {Source}

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