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Bill Head
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The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Lewisville Residential Market for January 2017

  • 64                           Homes sold, up 1.6 percent from January 2016.
  • $232,475               Median sales price for homes, 8.9 percent higher than January 2016.
  • $256,819               Average sales price for homes, a 14 percent increase over January 2016.
  • 0.8                          Monthly housing inventory in January 2017.
  • 33                           Average number of days homes spent on the market in January 2017.
  • 79                           Active home listings on the market in January 2017.
  • $124                       Average price per square foot for a single family home, up 14.3 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

Bill Head
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The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Lancaster Residential Market for January 2017

  • 24                           Homes sold, down 11.1percent from January 2016.
  • $158,000               Median sales price for homes, 17 percent higher than January 2016.
  • $151,329               Average sales price for homes, a 17.5 percent increase over January 2016.
  • 1.4                          Monthly housing inventory in January 2017.
  • 21                           Average number of days homes spent on the market in January 2017.
  • 49                           Active home listings on the market in January 2017.
  • $80                         Average price per square foot for a single family home, up 19.5 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

Bill Head
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MetroTex Association of REALTORS releases first real estate statistics for 2017

The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Keller Residential Market for January 2017

  • 44                           Homes sold, unchanged from January 2016.
  • $385,000               Median sales price for homes, 5.5 percent lower than January 2016.
  • $389,976               Average sales price for homes, a 3.3 percent decrease over January 2016.
  • 1.7                          Monthly housing inventory in January 2017.
  • 71                           Average number of days homes spent on the market in January 2017.
  • 129                         Active home listings on the market in January 2017.
  • $128                       Average price per square foot for a single family home, down 2.9 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

Bill Head
Pin on Pinterest

The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Irving Residential Market for January 2017

  • 100                         Homes sold, 11.5 percent lower than January 2016.
  • $237,250               Median sales price for homes, 36.9 percent higher than January 2016.
  • $277,904               Average sales price for homes, a 19.5 percent increase over January 2016.
  • 1.8                          Monthly housing inventory in January 2017.
  • 43                           Average number of days homes spent on the market in January 2017.
  • 288                         Active home listings on the market in January 2017.
  • $132                       Average price per square foot for a single family home, up 20.8 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

###

Bill Head
Pin on Pinterest

The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Hurst Residential Market for January 2017

  • 27                           Homes sold, 15.6 percent lower than January 2016.
  • $180,000               Median sales price for homes, 2.3 percent higher than January 2016.
  • $215,758               Average sales price for homes, a 26.2 percent increase over January 2016.
  • 0.8                          Monthly housing inventory in January 2017.
  • 14                           Average number of days homes spent on the market in January 2017.
  • 36                           Active home listings on the market in January 2017.
  • $113                       Average price per square foot for a single family home, up 19.1 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

Bill Head
Pin on Pinterest

MetroTex Association of REALTORS releases first real estate statistics for 2017

The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Grapevine Residential Market for January 2017

  • 30                           Homes sold, 3.2 percent lower than January 2016.
  • $300,000               Median sales price for homes, 7.7 percent lower than January 2016.
  • $358,316               Average sales price for homes, a 6.5 percent increase over January 2016.
  • 1.5                          Monthly housing inventory in January 2017.
  • 39                           Average number of days homes spent on the market in January 2017.
  • 76                           Active home listings on the market in January 2017.
  • $158                       Average price per square foot for a single family home, up 19.1 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

Bill Head
Pin on Pinterest

MetroTex Association of REALTORS releases first real estate statistics for 2017

The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Grand Prairie Residential Market for January 2017

  • 133                         Homes sold, 1.5 percent higher than January 2016.
  • $197,500               Median sales price for homes, 17.6 percent more than January 2016.
  • $211,138               Average sales price for homes, an 11.8 percent increase over January 2016.
  • 1.2                          Monthly housing inventory in January 2017.
  • 28                           Average number of days homes spent on the market in January 2017.
  • 165                         Active home listings on the market in January 2017.
  • $93                         Average price per square foot for a single family home, up 11.7 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

###

Bill Head
Pin on Pinterest

The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Garland Residential Market for January 2017

  • 131                         Homes sold, 13.3 percent lower than January 2016.
  • $164,300               Median sales price for homes, 6.0 percent more than January 2016.
  • $177,487               Average sales price for homes, a 5.4 percent increase over January 2016.
  • 1.0                          Monthly housing inventory in January 2017.
  • 24                           Average number of days homes spent on the market in January 2017.
  • 201                         Active home listings on the market in January 2017.
  • $107                       Average price per square foot for a single family home, up 16.2 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

Bill Head
Pin on Pinterest

MetroTex Association of REALTORS releases first real estate statistics for 2017

The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Frisco Residential Market for January 2017

  • 161                         Homes sold, unchanged from January 2016.
  • $375,815               Median sales price for homes, 6.5 percent more than January 2016.
  • $450,379               Average sales price for homes, a 17.4 percent increase over January 2016.
  • 2.4                          Monthly housing inventory in January 2017.
  • 47                           Average number of days homes spent on the market in January 2017.
  • 647                         Active home listings on the market in January 2017.
  • $142                       Average price per square foot for a single family home, up 10.2 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.

###

Bill Head
Pin on Pinterest

MetroTex Association of REALTORS releases first real estate statistics for 2017

The new year came roaring into the North Texas housing market, shattering records both old and new. Even the decade-old record for number of homes sold in the month was surpassed by nearly eight percent, according to the market report released today by the MetroTex Association of REALTORS.

 

“Traditionally January is our slowest month of the year,” said James Martin, president of MetroTex. “We’ve never reached $1.6 billion in sales in January, or closed more than 5,800 transactions in the first month of the year. It certainly looks like the spring market will be even more active than it was last year. That’s pretty astonishing when you consider the rate of growth our market has been experiencing.”

According to the report, 5,863 homes were sold in North Texas in January, an 8 percent increase from 2016. The dollar volume of sales in North Texas increased 21 percent year-over-year to $1.6 billion. The average price in January was $273,057 up 12 percent from last year.

North Texas’ monthly housing inventory rose to 2.7 months in January, despite the very low inventory in many markets. The Real Estate Center at Texas A&M University remarks that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 49 days on the market in January. There were 16,092 active listings for the North Texas housing market during the same time frame, a 1 percent drop.

Forney Residential Market for January 2017

  • 48                           Homes sold, 54.8 percent higher than January 2016.
  • $227,945               Median sales price for homes, 20 percent more than January 2016.
  • $236,792               Average sales price for homes, a 25.6 percent increase over January 2016.
  • 2.2                          Monthly housing inventory in January 2017.
  • 24                           Average number of days homes spent on the market in January 2017.
  • 129                         Active home listings on the market in January 2017.
  • $102                       Average price per square foot for a single family home, up 10.3 percent year-over-year.

Celebrating 100 years of service in North Texas, MetroTex is the area’s largest REALTOR association.  We are an advocate for homeowners, private property rights, the real estate industry, and real estate professionals. MetroTex is comprised of more than 18,000 members.