DallasFt Worth Metroplex Market Report May18

Dated: 06/14/2018

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North Texas Real Estate Information System (NTREIS) reports median single-family home price up 4.9% in May-18 over Apr-18, sales climb to 8,954.

May-18 Quick Facts:

  • The median price of existing single-family homes increased to $259,000 up 4.9% vs Apr-18.

  • Existing single-family home sales increased 16.1% from Apr-18 for a May-18 total of 8,954 sold units.

  • Condos decreased in price to $211,000 down -3.9% vs Apr-18.

  • Existing condo sales increased 8.9% in May-18 over Apr-18 for a total of 553 sold units.

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Single Family Median Home Price
May-17 vs May-18

ClarusMarketMetrics®

6/10/2018


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The Number of Sold Properties by Month
May-17 vs May-18

ClarusMarketMetrics®

6/10/2018


May-18 North Texas Real Estate Information System (NTREIS) Regional Sales and Price Activity

North Texas Real Estate Information System (NTREIS)

Median Price

Percent Change in Price from Prior Month

Percent Change in Price from Prior Year

Total # Units

Percent Change in Sales from Prior Month

Percent Change in Sales from Prior Year


May-18

Apr-18

May-17

May-18

Apr-18

May-17

MLS Wide



NTREIS (Single Family)

$259,000

4.9%

5.7%

8,954

16.1%

-1.5%

NTREIS (Condo)

$211,000

-3.9%

-2.8%

553

8.9%

-10.1%


NTREIS Region Cities


Single Family Only


Abilene

$149,900

-1.5%

3.4%

179

17.8%

10.5%

Allen

$340,500

6.4%

-5.1%

110

2.8%

-22.0%

Arlington

$217,500

3.6%

12.4%

335

21.8%

-15.2%

Bedford

$255,450

2.8%

5.8%

54

-6.9%

-14.3%

Burleson

$245,000

14.0%

15.2%

103

7.3%

-18.3%

Carrollton

$299,450

5.1%

7.4%

126

24.8%

-1.6%

Cedar Hill

$222,592

8.6%

10.2%

46

15.0%

-22.0%

Coppell

$485,000

18.3%

5.7%

59

28.3%

-9.2%

Dallas

$365,000

7.4%

-0.3%

794

11.5%

-8.4%

Denton

$248,000

0.4%

4.9%

159

38.3%

7.4%

Euless

$238,500

7.4%

-0.6%

50

22.0%

8.7%

Flower Mound

$385,000

-2.5%

9.7%

127

25.7%

-14.2%

Forney

$225,000

-2.0%

-0.9%

84

27.3%

-20.0%

Fort Worth

$226,000

2.7%

7.6%

1,051

12.9%

-1.7%

Frisco

$405,000

6.6%

3.6%

276

19.5%

-7.4%

Garland

$218,000

9.0%

14.8%

168

-8.7%

-10.2%

Granbury

$253,450

7.9%

11.7%

88

-16.2%

-34.8%

Grand Prairie

$224,300

-3.9%

2.7%

146

13.2%

-13.1%

Grapevine

$365,500

4.4%

4.4%

51

6.3%

-8.9%

Hurst

$222,450

-10.8%

8.2%

38

0.0%

-24.0%

Irving

$281,000

27.1%

18.4%

108

17.4%

-16.9%

Keller

$428,250

0.9%

5.1%

84

37.7%

6.3%

Lancaster

$176,000

10.0%

12.8%

38

15.2%

15.2%

Lewisville

$270,500

-2.7%

5.0%

100

31.6%

-12.3%

Little Elm

$275,000

1.9%

-0.4%

99

13.8%

37.5%

Mansfield

$257,500

-2.6%

-5.2%

105

28.0%

14.1%

Mesquite

$185,000

5.1%

9.5%

156

13.9%

25.8%

Midlothian

$281,000

1.1%

19.6%

60

39.5%

3.4%

North Richland Hills

$288,000

4.3%

19.3%

77

16.7%

-21.4%

Plano

$352,250

0.6%

0.6%

320

20.8%

6.3%

Richardson

$336,250

10.2%

8.5%

111

15.6%

7.8%

Rockwall

$294,500

-0.4%

1.6%

76

18.8%

7.0%

Rowlett

$262,500

-0.2%

14.1%

81

-5.8%

-15.6%

Sherman

$190,000

8.9%

46.2%

59

28.3%

15.7%

The Colony

$264,450

-0.2%

7.9%

63

26.0%

10.5%

Waxahachie

$245,000

9.6%

31.7%

65

27.5%

-3.0%

Weatherford

$270,000

19.1%

20.0%

105

-4.5%

-9.5%

Wylie

$274,500

9.6%

10.9%

80

0.0%

-9.1%

Single Family = Single-Family
Condo = Townhouse/Condo
Reports generated from ClarusMarketMetrics®

Contact your real estate professional for additional local market trends in your neighborhood. Reports were generated from ClarusMarketMetrics®.ClarusMarketMetrics®is available as a member benefit to those members who belong to NTREIS MLS. Visit your mls site for registration information.

NTREIS is a real estate information and technology solutions provider serving the real estate community in a coverage area exceeding 48,000 square miles in North Texas, including the Dallas-Fort Worth Metropolitan Area. NTREIS provides information management services to more than 22,000 MLS subscribers of its 15 Shareholder REALTOR® Associations, including more than 5,000 real estate offices. More information is available atwww.ntreis.net.

Source: North Texas Real Estate Information System (NTREIS)

National housing indicators

Existing home sales(April)

5.46 millions units*

Existing home median price(April)

$257,900

Housing Starts(April)

1.287 millions units*

New home sales(March)

0.662 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

4th Quarter 2017

64.2%

1st Quarter 2018

64.2%

The homeownership rate of 64.2 percent was not statistically different from the rate in the first quarter 2017 (63.6 percent) and virtually unchanged from the rate in the fourth quarter 2017 (64.2 percent).

New home sales

March 2018

4.0%

April 2018

-1.5%

Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5 percent (±11.8 percent)* below the revised March rate of 672,000, but is 11.6 percent (±23.7 percent)* above the April 2017 estimate of 593,000.

Source: U.S. CENSUS BUREAU

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JR Leon

As a full-time agent who is available to assist clients daily, 24/7... I sleep, eat and breathe real estate! I'm obsessed with customer service and my #1 priority is making my clients happy. I strongl....

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