New D-FW Home Sales ‘Remarkably Robust’ in August
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Another month, another new home sales record in Dallas-Fort Worth.
That’s the findings of a new report based on August sales from Dallas-based HomeUSA.com.
“Dallas-Fort Worth new home sales jumped to record year-to-date levels last month,” says Ben Caballero, owner and CEO of HomesUSA.com. “New home sales were remarkably robust in August in Dallas-Fort Worth.”
The drivers remained the same: tight inventory and low interest rates on a state and national level. It also pairs with the Census Bureau’s report that new single-family home sales in August exceeded an annual rate of 1 million for the first time since 2006.
Caballero’s report is based on data from the North Texas Real Estate Information Systems (NTREIS), Houston Association of Realtors, San Antonio Board of Realtors, and Austin Board of Realtors Multiple Listing Services.
The report also found new home sales reached annual highs in Houston, Austin, and San Antonio. Specific to D-FW, here is what Caballero’s report found:
- New home sales: 1,505 in August versus 1,495 in July, a fourth consecutive monthly increase.
- New home prices: $369,986 in August versus $370,209 in July. Prices have moved loser since February, when the average new home ran $374,788.
- Average number of days on market: 95.95 days in August versus 96.81 days in July. That’s a 12-month streak of improved numbers.
- Inventory of new homes: 7,109 in August versus 7,224 in July.
- Inventory of all homes in the MLS (new and pre-owned): 16,282 on the market at the end of August, down from 29,405 a year ago, according to NTREIS.
