Prices Up 13 Percent
North Texas home sales grew 5 percent in February, with the most houses sold ever in the second month of any year. And, median home sales prices in the area were near an all-time high last month at $235,000, up 13 percent from a year earlier, according to data from the Real Estate Center at Texas A&M University. Real estate agents sold more than 6,900 preowned single-family homes through their multiple listing service in February, numbers from North Texas Real Estate Information Systems found. For the first two months of 2017, home sales are up about 3 percent and median sales prices are 13 percent higher than in the same period last year. "I think it's because of real demand from new jobs and growth from in-migration," said Ted Wilson, a housing analyst with Dallas-based Residential Strategies Inc. "I'm hearing the last three or four weeks have been exceptionally strong in buyer traffic and sales. North Texas' hot housing market is seeing some of the largest price increases in the country.
Dallas Morning News, March 9, 2017