"The number of listings on the market grew 6.8%, which is a smaller increase than normal for this time of the year in Dallas, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Dallas tend to rise in May. And the most recent data shows that the price per square foot increased by 1.1% compared with the month before."
"In May, there were 4,271 homes for sale in Dallas, which was 6.8% more than the month before and 45.1% more than the same time last year. Meanwhile, active inventory across the nation rose by 8.0% from last month to 1,036,101. The number of new listings in Dallas was 1,556, which was 12.8% less than the month before and 6.6% more than the same time last year."
Median listing price in Dallas reached $460,000 in May, and home prices rose substantially month over month. The number of listings on the market grew 6.8% from the month before, a smaller seasonal increase than normal, and homes are selling slower than a year ago. Price per square foot in Dallas increased 1.1% month over month, outpacing the national per-square-foot gain of 0.5%. There were 4,271 homes for sale in Dallas in May, up 45.1% year over year. New listings numbered 1,556, down 12.8% from last month but up 6.6% year over year. Homes averaged 48 days on market in Dallas, four days longer than last month and eight days longer than last year, compared with a national average of 51 days. The Realtor.com data portal provides more localized market details.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]