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Overall, Dallas/Fort Worth area home prices rose in the most recent quarter. The government tax refund, and historically low interest rates, have prompted many buyers to take advantage of this unprecedented buying opportunity. Statistics below break down a few of the large Dallas/Fort Worth area counties in detail.
The average price of homes in Dallas County rose in the first two months of the third quarter to $205,000 from an average of $204,200 in the second quarter. The number of homes sold ticked up to 5,353 from 5,284 in quarter two. The average number of days on the market was unchanged at 77 days.
The average price of homes in Collin County ticked down a bit to $234,400 from $237,800 in quarter two. The number of homes sold however, increased to 3,230 units versus 2,955 units in the second quarter. The average days on the market decreased in quarter three to 71 days versus 75 days in Q2.
Denton County homes increased in average price to $220,100 from $215,500 in Q2. The number of homes sold ticked up from 2,409 to 2,529. Average days on market was unchanged at 72 days.
Rockwall County homes average sales price jumped from $205,400 to $216,200. Homes sold in Rockwall County increased from 309 to 377 in quarter three. Average days on market also increased from 87 to 96 days.
Tarrant County homes average home prices ticked up to $178,100 from $177,100. The number of Tarrant County homes sold increased to 5,192 from 4,806 in Q2. Average number of days on market fell to 72 days from 78 previously.
Statistics were compiled by the North Texas Real Estate Information System, more commonly known as NTREIS.
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