DFW up 22%! AND 8 reasons why N TX rocks!

June 11, 2012 — Leave a comment

what has reached a level we haven’t seen in four years?? North Texas home sales, that’s what! this past May real estate agents sold 7,618 pre-owned single-family homes which is 22% MORE than in May 2011, according to North Texas Real Estate Information Systems Inc.  that’s not all – year-to-date home sales are UP 16% compared to the first 5 months of 2011. 

**please take note that this surge in home sales is withOUT any special government programs, slightly tougher underwriting guidelines, slightly increased down payments – and every other ‘sky is falling’ headline the doom and gloom media has blasted us with over the last year**

need MORE good news??

1. Home sales are UP 22% from May 2011 to May 2012

2. Home sales are UP 16% compared to the first 5 months of 2011

3. Homes sales have been higher than year-earlier levels for 11 straight months

4. The number of homes for sale in DFW area are down more than 22%

5. The average days on market in May = 70 (shortest length of time in more than 2yrs)

6. Currently only a 5 month supply of homes on the market (6 month supply is considered balanced)

7. Sales prices were UP 9% vs May 2011

8. The median price in May was $162,500 – the highest level in more than 2 yrs!

Once again – the real estate sky is NOT falling!

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