North Texas’ housing market started the new year with another surge in January sales despite a dramatic drop in supply. At the end of January, only about 7,8.
Dallas housing market rockets into ‘21 with record demand
Sales in 2020 were held back by a short supply that continues in the new year.
About two-thirds of Dallas-area residential districts saw higher home sales in 2020.(Steve Brown )
Dallas’ housing market headed into 2021 with an unprecedented tailwind.
North Texas real estate agents sold a record of more than 119,000 single-family homes last year despite the economic drag of the COVID-19 pandemic.
Home purchases were higher in about two-thirds of Dallas-area residential districts tracked each quarter by
The Dallas Morning News.
The greatest sales increases were in far suburban neighborhoods where buyers competed to snatch up houses as quickly as they came on the market. Sales were up by more than 30% year over year in Melissa, Prosper and Sunnyvale, according to data from the Texas Real Estate Research Center and North Texas Real Estate Information Systems.
North Texas home buys set record in 2020
Area real estate agents sold more than 119,000 homes last year.
North Texas home sales for all of 2020 were up 10% from 2019.(Steve Brown )
Soaring sales in the final months of the year led to a record number of North Texas homes purchased in 2020.
Real estate agents sold 119,121 single-family homes last year a 10% rise from the previous record set in 2019.
In December alone, 10,690 homes sales were handled by North Texas agents, the largest total ever for the last month of the year, according to data from the Texas Real Estate Research Center and North Texas Real Estate Information Systems.