The low inventory trend is changing for the Dallas area, but the available pre-owned homes (resale) remains well below what we need. November reflected another increase in inventory to challenge the long-running trend:
New construction homes had a slight decrease in their available inventory from 2016:
And although the median price fluctuates month to month, it is exciting to see that the median home price continues to rise for our Dallas Real Estate market in resale homes:
And homes are being listed and sold within a close margin, showing that the pricing is on target for both resale and new construction homes:
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Good morning Lisa. Thanks for the update on the real estate market in Dallas.