Dallas, TX - Local Housing Data - Summary

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Dallas, Fort Worth, Arlington, TX

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Dallas, TX Local News

  • Metrostudy’s Brad Hunter Talks Housing Recovery

    During an appearance on Bloomberg Radio’s Bloomberg Surveillance, Metrostudy chief economist Brad Hunter said the housing recovery remains tentative but that there are some bright spots.

  • Rites of Spring

    Among domestic rites of Spring, perhaps none barrels and eddies headlong to a larger-than-life, kinetic sweep of such epic proportions as the National Collegiate Athletic Association Division 1 men’s basketball tournament. How is home building's Spring Selling Season similar, and how will it remove...

  • Dallas-Fort Worth, TX - December 2013 - New Home Closings Numbers Give Hints Market Gain Building

    New home sales rose in Dallas-Fort Worth, TX in December. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 4.5% percentage points. Average prices of new homes moved up, rising 13.9%. The percentage of new home closings belonging to single family homes rose,...

Recent Numbers For Fort Worth Show New Home Closings and Prices Increase

Posted on: Apr 06, 2014 07:10:22 AM

In the Fort Worth, TX market in January, new home closings increased year-over-year, and with a more robust boost than December 2013, there are signs the market may be strengthening. New home closings saw a 10.1% boost from a year earlier to 1,194. This followed a 9.2% rise year-over-year in December.

A total of 17,815 new homes were sold during the 12 months that ended in January, up from 17,705 for the year that ended in December.

Of 8,592 total closings, 1,194 were of new homes. This is a boost from 12.9% of closings a year earlier. Closings of new and existing homes gained year-over-year in January after also rising in December year-over-year.

Pricing and Mortgage Trends

In January, there was a 10.4% surge year-over-year in the average price of newly sold homes, reaching $298,877 per unit. This surge is smaller than the 14.2% rise in December year-over-year.

Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. In January 2014, average mortgage size increased 10.3% from a year earlier to $256,272. In December 2013, average mortgage size gained 13.6% from a year earlier.


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