News
 
Bill Head

The MetroTex Association of REALTORS® today released East Dallas homes sales figures for the month of May. MetroTex President Steve Habgood announced East Dallas’ record volume of sales.

“The market in East Dallas on is extremely active,” said Habgood. “While overall the number of available homes is low on any given day, homes that do appear on market tend to sell very quickly. There were 289 sold and 221 sales in East Dallas last month.”

“We definitely recommend consumers develop a good relationship with their REALTORS® to help them navigate such an active market like East Dallas is experiencing,” said Habgood.

Other highlights include of the MetroTex report include:

  • The average sales price in East Dallas is $406,343, an increase of 20% over last year.
  • Average sales price is 98% of list price when listed with a REALTOR.
  • The number of available homes on the market in May 2015 was 320, compared to 416 in May 2014.
  • The average price per square foot in East Dallas increased from $55 in May 2014 to $70 in May 2015.

“We predict East Dallas will continue to be part of one of the most active markets in the country,” said Habgood. “In East Dallas, homes listed with REALTORS® are selling in 29 days on average.

MetroTex represents more than 15,000 members involved in all aspects of the real estate industry.  MetroTex is the largest REALTOR® member association in North Texas representing the entire region.  Established in 1917, MetroTex is an advocate for the real estate industry and private property rights. For more information, visit us online at DFWRealEstate.com.

Recognize 883 Views
Related Posts