Dallas Home sales are up in general in most of areas during 2012. In Most
areas the home purchases are running more than a quarter higher than last year.
Home sales prices are also rising slowly on quarterly basis.
The grow of the housing market are due to the job growth, low interest rates and
relatively affordable home prices.
On the other side the supply of inventory in housing market continues to shrink.
If the trend toward rising sales and falling inventory levels continues, we
could see prices keep on rising in second half of 2012.
Through the first three months of 2012, the biggest increases in pre-owned home
sales from a year ago have come in Colleyville (up 64 percent), northwest Dallas
(59 percent), McKinney (39 percent) and East Dallas (36 percent). Overall,
pre-owned home sales in North Texas are about 16 percent ahead of where they
were at this time in 2011, While there is a widespread gain in the number of
home sales, prices in the Dallas area are rebounding much more slowly. Overall,
prices are up about 5 percent this year.
But median single-family home sales prices were still falling in the first
quarter in more than a dozen residential districts. In affluent North Dallas
neighborhoods where sales are 27 percent higher so far in 2012, prices are down
11 percent for first quarter 2011.
The sellers are not willing to sell their house in low price, said residential
agents, but we buy houses in Dallas.
Some of the real estate investors are taking advantage of both bargain home buys
and near record low financing rates.
The number of pre-owned homes on the market in North Texas this year is 23
percent below the number of listings in the first quarter of 2011. And the
inventory of homes for sale is about 30 percent below 2010 levels.
We start getting the supply down, and the demand is there, said real estate
professional company, we provide any services buyers may need, including the
moving and relocation service in Dallas area, like
Dallas moving company. Also the repair and maintenance service company, like
First Class Heat and Air.
However after some previous false starts to the housing recovery, sales agents
are cautious of this year’s market even with all the good news so far.