While DFW home sales in June dropped 3 percent year-over-year, the market seemed to pick back up in July with sales jumping 6% overall compared to July of 2017.
In addition to the uptick in sales, the median home price also saw a 6 percent jump—something the has remained fairly consistent throughout most of 2018.
Suburban Cedar Hills, Coppell, and Far North Dallas saw the biggest increases in home sales last month, registering 45 percent, 35 percent, and 25 percent spikes respectively.
Somewhat surprisingly, sales in Uptown actually dropped 12 percent last month, which has been one of the hottest neighborhoods in Dallas in recent months.
Frisco and Lake Highlands also saw a dip in sales in July, falling 16 percent and 11 percent respectively.