Provided By: bizjournal.com
Dallas-Fort Worth's rising home prices --reaching
double-digit increases year-over-year -- have prompted more homeowners to
put their houses on the market.
"With higher home prices and faster selling times in
most cities, homeowners who've held onto their properties are coming back into
the market and the overall inventory picture is starting to rebalance,"
said Lanny Baker, president and CEO of California-based housing research
firm ZipRealty.
The North Texas area increased its new listings by 18
percent year-over-year in July to 10,176 listings, after the median home prices
rose 14 percent in the same time period, according to ZipRealty research. The
median home price in Dallas was $192,500.
In the U.S., the number of new home listings rose 14
percent, with a median home price of $282,034.
Dallas-Fort Worth area homes sold at an average 98.7 percent
of list price, compared with the national average of 99.1 percent of list
price, according to the data.
With the new listings and an increase in inventory, Baker
says he expects prices to moderate in coming months, but the housing market
shows no signs of stopping.
"Sales price gains are still accelerating in more than
half of the cities analyzed in July, and it's hard to find clear signs of
slowing home price momentum," he said.
No comments:
Post a Comment