inception-app-prod/YzhmYzI2NGItZTUwYS00Yzc5LWE5NzktZGJhOWNjNDAzN2Jk/content/2020/09/a2VsbGVyLXdpbGxpYW1zLXJlYWx0eS1yZWFsLWVzdGF0ZS1s-3.gif
  • Local DFW Real Estate Listings
    • Argyle Real Estate
    • Colleyville Real Estate
    • Dallas Real Estate
    • Fort Worth Real Estate
    • Flower Mound Real Estate
    • Grapevine Real Estate
    • Keller Real Estate
    • Mid-Cities HEB Real Estate
    • Southlake Real Estate
    • Trophy Club Real Estate
    • Westlake Real Estate
    • Set Up Your Custom MLS Client Portal
  • North Texas Real Estate Search
  • DFW New Construction Search
  • DFW Land Search
  • DFW Commercial Property Search
  • Custom Search – DFW and North Texas Real Estate
  • Colleyville, Southlake, and Westlake Custom Property Search
  • What is Your Mortgage Payment – Mortgage Calculator
    • How Much is a House or Property Really Worth?
  • iFinder Cash Offers on My Home or Property
  • Kathryn Dean’s Real Estate Blog
  • About Kathryn Dean
    • Download My KW App!
Kathryn Dean Real Estate
inception-app-prod/YzhmYzI2NGItZTUwYS00Yzc5LWE5NzktZGJhOWNjNDAzN2Jk/logo/2020/09/kathryndeanrealtorrgb-rgb-logo1.jpg
0683656
Sign In
Sign Up
inception-app-prod/YzhmYzI2NGItZTUwYS00Yzc5LWE5NzktZGJhOWNjNDAzN2Jk/content/2020/09/a2VsbGVyLXdpbGxpYW1zLXJlYWx0eS1yZWFsLWVzdGF0ZS1s-3.gif
  • Local DFW Real Estate Listings
    • Argyle Real Estate
    • Colleyville Real Estate
    • Dallas Real Estate
    • Fort Worth Real Estate
    • Flower Mound Real Estate
    • Grapevine Real Estate
    • Keller Real Estate
    • Mid-Cities HEB Real Estate
    • Southlake Real Estate
    • Trophy Club Real Estate
    • Westlake Real Estate
    • Set Up Your Custom MLS Client Portal
  • North Texas Real Estate Search
  • DFW New Construction Search
  • DFW Land Search
  • DFW Commercial Property Search
  • Custom Search – DFW and North Texas Real Estate
  • Colleyville, Southlake, and Westlake Custom Property Search
  • What is Your Mortgage Payment – Mortgage Calculator
    • How Much is a House or Property Really Worth?
  • iFinder Cash Offers on My Home or Property
  • Kathryn Dean’s Real Estate Blog
  • About Kathryn Dean
    • Download My KW App!
inception-app-prod/YzhmYzI2NGItZTUwYS00Yzc5LWE5NzktZGJhOWNjNDAzN2Jk/content/2020/09/a2VsbGVyLXdpbGxpYW1zLXJlYWx0eS1yZWFsLWVzdGF0ZS1s-3.gif
inception-app-prod/YzhmYzI2NGItZTUwYS00Yzc5LWE5NzktZGJhOWNjNDAzN2Jk/content/2017/03/townhome2.jpg

North Texas Residential Real Estate Market

inception-app-prod/YzhmYzI2NGItZTUwYS00Yzc5LWE5NzktZGJhOWNjNDAzN2Jk/logo/2020/09/kathryndeanrealtorrgb-rgb-logo1.jpg
Kathryn Dean,03/20/2017

According to the Dallas Business Journal, March 9, 2017, Digital Reporter Evan Hoopfer stated that about a third of home sales in February took place in North Texas. His sources come from the MetroTex Association of Realtors. Mr. Hoopfer's article states that Dallas-Fort Worth accounts for about 35 percent of total state sales. He also states that Dallas' population is just above 7 million people, which is approximately 25% of the state's population. (On a side note, that is a HUGE population increase from 1990, when I moved to the Dallas area. At that time, we had just a little over 4 million people in the Dallas - Fort Worth area combined.)

The average home price in February of 2017, in North Texas, was $285,940 and the median home price was $235,000 in February of 2017. According to the Real Estate Center at Texas A&M University, housing inventory is up from the 2.0 a month figure last year to 2.7 months this year as home builders start to catch up with demand. Mr. Hoopfer also states that the balance between supply and demand is 6.5 months inventory.

As we saw in 2016, 2017 home buying statistics remain the same "with the most inventory starved section of the market are houses under $500k" (per James Martin, president of MetroTex).

Steve Habgood of Hewitt & Habgood told the Dallas Business Journal that "Anything under $300k is gone in a matter of days or weeks."

The average time a DFW Home stays on the market is 48 days, per a report from MetroTex.

Click Here to Read Evan Hoopfer's complete article "North Texas home sales make up a third of all Texas sales" and more articles like this one from the Dallas Business Journal.

- Blog Submitted by: Kathryn Dean, Realtor/Agent of Keller Williams Realty Southlake, Texas


Print Details
Next post
Download My New KW App!

Search listings

Enter city, zip, neighborhood, address…
Loading in progress…
No results found
Type in anything you’re looking for
Search

What are your Real Estate Needs?

Let's meet up and discuss your options on Zoom or In-Person:

Fill in your contact information below and Kathryn will contact you, as soon as possible.
SEND
Submitting
Succes! Your message was sent!
Thank you for your information. I will reach out to you ASAP! - Kathryn
Oops! Error occurred.
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
uploads.cdn.placester.net/organization_logos/brands/KellerWilliams_Prim_Logo_RGB.png
inception-app-prod/YzhmYzI2NGItZTUwYS00Yzc5LWE5NzktZGJhOWNjNDAzN2Jk/content/2020/09/a2VsbGVyLXdpbGxpYW1zLXJlYWx0eS1yZWFsLWVzdGF0ZS1s-4.gif
Keller Williams Dallas DFW Southlake

Office Details

Office

Customer Service and About Us

  • About Kathryn Dean
  • How Much is My Home Worth?
  • Mortgage Calculator
  • Download My KW App!
  • Blog

Explore Nearby DFW Communities

  • Argyle Texas Real Estate Search
  • Colleyville Texas Real Estate Search
  • Grapevine Texas Real Estate Search
  • Keller Texas Real Estate Search
  • Mid-Cities HEB Real Estate Search
  • Southlake Texas Real Estate Search
  • Trophy Club Texas Real Estate Search
  • Westlake Texas Real Estate Search
  • Commercial Real Estate MLS Search in North Texas, Dallas, Fort Worth, and DFW Suburban Areas
  • New Construction Search for Residential and Commercial Real Estate
  • Texas Land Search in the North Texas and Dallas and Fort Worth DFW Areas

Consumer Protection & Privacy

  • TREC INFORMATION ABOUT BROKERAGE SERVICES
  • TREC CONSUMER PROTECTION NOTICE
  • Fair Housing Notice from HUD.gov
  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information.

© 2022 All rights reserved

Created with Placester

Sign in

Sign in with your email address

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Enter your email address

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Change password
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Do you like using Kathryn's real estate website so far?

Please fill out the form below to sign up for a full access pass to review all of the properties listed on Kathryn Dean's website!
Email AddressTelephoneText MessageDo not contact me, I just want to use your site.
This field is required.
Send
Succes! Your message was sent!
Thank you for signing up! I really look forward to working together some day soon!
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In

Account verification in progress

Please wait...

Account Verified!

You may now log in into your account
Go to the homepage

Verify your email address

In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link