Dallas Area Residential Real Estate Report

Friday, June 21, 2019

Renters are looking to leave New York, Chicago for Dallas.

Start spreading the news. They’re leaving today…for North Texas

Real Estate Pros Say These Design Trends Don’t Work

Some of today’s most popular design trends could prove to be less than ideal for your buyers.

Texas Housing Insight

Waning affordability and the shortage of homes priced below $300,000 remained the biggest challenges facing the housing market.

Inventory growth is now outpacing sales in buyer-friendly housing markets

On average, sales have declined 5.5% year-over-year

Thursday, June 20, 2019

Firefly Run 5K/10K

Photo courtesy of Yow Midia

The Firefly Run is a cool, eye-dazzling, illuminated nighttime 5K/10K race.

Reunion Tower presents Reunion Lawn Party

Reunion Lawn Party/Facebook

Hosted on the lawn of the iconic Reunion Tower, live music will be provided by DJ Sprinkles and Emerald City’s Party Machine Band with food trucks, lawn games, entertainment, and surprise guests

Dallas Cowboys presents Market at The Star

Photo courtesy of The Star

Market at The Star is a pop-up event that will feature a curated mix of fashion, jewelry, home décor and other unique lifestyle goods vendors.

Nasher Sculpture Center presents 'til Midnight

Photo courtesy of the Nasher

'til Midnight at the Nasher presents live outdoor concerts in the Nasher Sculpture Center Garden. At each event, a variety of national and regional music talent perform followed by a film screening

Wednesday, June 19, 2019

Dallas Area Residential Sales Report for May - Plano TX

Plano managed to eke out a 1% gain in home sales compared to last May. Pending sales fell 5%. not a good sign for June Sales. The average sales price rose 4% while the median sales price came in flat. New listings dropped 7%. Active listings increased 7% again as compared to last May. The months of inventory is half way to a balanced market at 3 months.

Sales: 376

Average Sales Price: $425,047

Median Sales Price: $369,950

Pending Sales: 381

New Listings: 545

Active Listings: 814

Months of Inventory: 3

Information provided by The Real Estate Center

Plano Neighborhoods - Trails of Glenwood

If you would like to see the current listings and solds in this neighborhood CLICK HERE

Housing market sentiment hits a 5-year high: a good omen for sales?.

Home sales have lagged expectations so far this year, but one indicator suggests the housing market may be set for a rebound.

Dallas-area home prices grew by less than 3 percent in April

Home sales in the area are down 1% from where they were at this time in 2018.

Tuesday, June 18, 2019

Dallas Area Residential Sales Report for May - Garland TX

Well buyers were out in full force in the Garland area in may. homes sales jumped 44% and pending sales rose 20%. the average sales price increased 1% while the median sales price climbed 2%. We saw a 5% rise in the number of new listings and the active listings were 35% higher than last May. The months of inventory remains very low at 1.7 months.

Sales: 233

Average Sales Price: $231,680

Median Sales Price: $219,900

Pending Sales: 223

New Listings: 252

Active Listings: 300

Months of Inventory: 1.7

Information provided by The Real Estate Center

Garland Tx Neighborhoods - Cypress Cove

Garland Tx Neighborhoods - Cypress Cove Neighborhood Report

If you would like to see the current listings and solds in this neighborhood CLICK HERE

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017

The declining rates have reportedly also presented an advantage to those possibly buying real estate.

What Should Your Real Estate Agent Do for You?

If the personalities aren’t a good match, you should be able to find a better fit with someone else.

Monday, June 17, 2019

Richardson ready to redo its historic downtown district..

One of Dallas' first northern suburbs is launching a rebirth of its historic downtown district.

Fewer Homes Selling Above List Price

It could be a relief to home shoppers whose budgets have been squeezed in recent years as home prices have soared.

Richardson TX Neighborhoods - Lake Park Estates

If you would like to see the current listings and solds in this neighborhood CLICK HERE

Dallas Area Residential Sales Report for May - Richardson TX

Home sales were up a strong 8% in May as compared to last May. Pending sales were down 8%. That's not good for June sales. The average sales price took an 8% hit while the median sales price was flat. We are starting to see a number of price reduction. New listings climbed 13%. Active listings were 71% higher. This number is a little distorted because listings were so very low last May. A better indicator of available inventory is the months of inventory which now stands at 2.5 months. 6 months is considered a balanced market.

Sales: 127

Average Sale Price: $329,119

Median Sales Price: 317,500

Pending Sales: 117

New Listings: 170

Active Listings: 238

Months of Inventory: 2.5

Information provided by The Real Estate Center