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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