Dallas housing market heads into 2020 with a strong tailwind
Posted On 11:05 pm
A year-end surge in Dallas-area home sales is carrying over into the New Year, and local real estate agents are hoping that the increase in business will stretch into the summer.
Last year, North Texas property agents sold a record of more than 108,000 single-family homes.
A closer look shows that four-fifths of the Dallas area’s residential district had an increase in home sales in 2019, and all but a handful of neighborhoods saw rising home prices.
The biggest percentage of sales increases were in the fast-growing communities north of Dallas.
Year-over-year home sales grew more than 20% in Prosper and Melissa. Sales were up 17% compared with 2018 in Anna and rose by 13% in Colleyville.
Home sales in 2019 rose by 9% year-over-year in the more than four dozen residential areas The Dallas Morning News tracks each quarter.
The local housing market got a boost in activity from lower mortgage costs in the second half of last year.
Source – Dallas News
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