A record number of North Texas homes changed hands in 2017. More than 106,000 preowned single-family homes were sold in the area by real estate agents. That's 5 percent more than the all-time high sales in 2016. North Texas home sales have risen more than 60 percent since 2010. "I believe the resale market has more room to grow-both in sales and demand in 2018," said Paige Shipp with housing analyst Metrostudy. "However, as the median price increases, appreciation and sales pace will slow."
At the end of December, 17,440 preowned houses were listed for sale with real estate agents in the more than two dozen North Texas counties included in the numbers - 6 percent more than a year earlier. December listings work out to only a 2-month supply of homes in inventory for sale. That's still less than half of what's considered a normal market.
Sales of houses priced at less than $180,000 declined in 2017 because of the low number of these properties on the market.
- Dallas Morning News, January 9, 2018