Dallas housing 2013 soared; 2014 promising tooDallas housing 2013 soared; 2014 promising toohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=51592014-01-27T16:25:00Z2014-01-27T15:00:00Z

DALLAS - The Dallas housing market will have a hard time topping the bull market experienced in 2013. Dallas-area home sales rose almost 20 percent from the previous year, and prices jumped more than 10 percent — more than double the average annual increase North Texas usually sees.

In 2013, median home sales prices were up by double-digit percentages in more than two dozen Dallas-area residential districts tracked by the Dallas Morning News.

The biggest sales price increases were in neighborhoods in Oak Lawn, Oak Cliff, Mesquite, Irving and North Dallas, according to data from the Real Estate Center at Texas A&M University.

Covering the area

Housing activity is good in neighborhoods across the Dallas area, according to Jime Fite, president of Dallas’ Century 21 Judge Fite Realtors. “We are looking forward to a 6 percent to 8 percent increase in sales in 2014,” Fite said.

Real estate agents and housing analysts agree that a lack of inventory will be the big issue again in 2014.

Early signs

There are already indications that this spring’s housing market will be strong in North Texas.

With low pre-owned home supplies, some sellers are eager to inflate pricing and ask top dollar, according to Kay Weeks, an agent with Ebby Halliday Realtors.

Local home sales agents say that the slowdown in buyer traffic they saw last fall and early winter reversed when the holidays were over.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/area-home-sales/20140123-last-years-dallas-area-housing-market-boom-will-be-a-tough-act-to-follow-in-2014.eceRead more at {Source}

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