RECORD: Over 10,500 North Texas Homes Were Sold in June

Posted by Kenneth G. Cox on Tuesday, July 21st, 2015 at 12:41pm

North Texas Homes For Sale

Although we’ve all heard or read about the DFW real estate market being as hot as ever recently, it’s not something we anticipate getting old any time soon. Coming off a housing crash that ranks among the worst in our country’s history, it’s certainly nice to see such a healthy rebound, especially for our market up here in North Texas.

Recently, new reports have surfaced that home sales in the area increased by 12% in June, with a record number of preowned single-family homes being sold. According to such reports, agents in North Texas sold 10,575 homes last month, while sales prices also hit a new high point as well, reaching a median price of $220,000.

To put these incredible market conditions into perspective, June’s home prices were 12% higher than in June 2014, with home sales 40% higher than they were during the worst part of the recession in mid-2010.

Pending sales were also up in June, likely meaning July and August will be just as active. To date, home sales in the North Texas region are up 4% from the first six months of 2014, with that percentage also likely to jump before we see the end of such an incredible year for the DFW real estate market.

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