The gist
Data from the association shows the area remained a seller’s market in March. Supply of homes was reported at 2.5 months in Collin, Denton and Tarrant counties, while Dallas County saw supply increase to 2.8 months.
A market is considered balanced when about six months of housing supply is available.New listings were up year over year in each county. Collin County saw more than 2,000 new listings added to the market, while Dallas and Tarrant counties saw more than 2,600 new listings.Each county saw home inventory increases during the same month. More than 4,600 homes were reported for sale in Dallas and Tarrant counties each.What else?
Collin County was the only county to see its median home price decrease year over year in March. Dallas County’s median home price increased by more than $25,000, while Denton County’s price increased by more than $20,000.On average, homes spent less time on the market in each county except for Dallas County. Collin County’s average days on the market fell to 41 in March.
