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Mar 15, 2018

DFW home sales shoot to record heights

​​DALLAS-FORT WORTH – North Texas home sales rose 10 percent in February 2018 from a year earlier—an increase that came even with higher mortgage costs and record home prices.Real estate...
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by
Dallas Morning News

​​DALLAS-FORT WORTH – North Texas home sales rose 10 percent in February 2018 from a year earlier—an increase that came even with higher mortgage costs and record home prices.

Real estate agents sold 7,188 preowned single-family homes last month. 

On average, it took 52 days to sell the houses that traded in February.​

That was the highest February sales total ever in North Texas, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.

For the first two months of 2018, real estate agents sold 7 percent more houses than in the same period last year.

The biggest increase in sales so far this year was in homes priced between $200,000 and $250,000.

In February 2018, the median price of homes sold by local real estate agents was $248,000​​​—up 6 percent from a year earlier.

DFW accounted for almost a third of all home sales in Texas and more than any other of the state’s major metro areas.​​​​​​​​​​​​​​
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Written by
Dallas Morning News
Last updated
Mar 28, 2024

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