North Texas real estate agents sold a record number of houses in June. Last month 11,638 preowned properties changed hands in the area - up 13 percent from a year ago and the largest number ever in a single month. Area prices also hit a high point in June. The median sales price for a single-family home was $256,000 - 8 percent ahead of where it was in June 2016, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information System. Through the first six months of 2017, real estate agents have sold 51,627 houses through their multiple listing service - 5 percent more than in the first half of 2016.
"I think Dallas will set another record for all of 2017," said Dr. James Gaines, chief economist with the Real Estate Center. "The market is still very strong and it isn't backing off much if anything." There are signs that the huge undersupply of homes for sale in the Dallas-Fort Worth area is easing. At the end of June there were 11 percent more houses listed for sale with agents in North Texas than a year earlier. Almost 22,000 houses were on the market. But that still only amounts to a 2.6-month supply of preowned homes available for purchase.
- Dallas Morning News, July 10, 2017