Despite a nationwide decline of new homes sales, North Texas is once again serving as an exception to the trend.
A surge in home buying dropped available homes to their lowest level in over 20 years. Prices are now surging, as homes that couldn’t garner offers in the fall are now drawing several.
According to the Collin County Association of Realtors, Denton County home sales are up 35-percent compared to this time last year. Collin County is up an estimated 30-percent.
When Barbara Van Poole decided to put a South Dallas home up for rent last month, she didn’t have to wait long for interest. Ten applications came in almost instantly for the modest three-bedroom house.
Fewer people are in the market for new houses in the DFW area and buyers have fewer new homes from which to select.
National statistics show the number of first-time homebuyers decreased by 35 percent last month. But realtors in North Texas say it’s a different story here.
More homes are up for sale in Dallas-Fort Worth these days.
The latest report from the Texas A-and-M Real Estate Center shows that North Texas home sales fell nearly 30 percent in July