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Tuesday, March 09, 2021

North Texas Real Estate in February: Sales Down 6% YoY, Inventory Down 65% YoY

by Calculated Risk on 3/09/2021 11:41:00 AM

Closed sales in Texas might have been impacted by the severe weather in February.

Note: I'm posting data for many local markets around the U.S. The story is the same everywhere ... inventory is at record lows.

From the NTREIS for North Texas (including Dallas/Ft. Worth):

Single Family Homes sold in February 2021 were 6,958, down 8% from 7,534 in February 2020. 

Condos and Townhomes sold in February 2021 were 579, up 30% from 446 in February 2020.

Combined, sales were down 5.6% year-over-year.

Single Family Active Listings in February 2021 were 6,687, down 68% from 20,723 in February 2020. 

For Condos and Townhomes, Active Listings in February 2021 were 1,266, down 37% from 2,017 in February 2020.

Combined, active listings declined 65% year-over-year.