by Calculated Risk on 3/09/2021 11:41:00 AM
Tuesday, March 09, 2021
North Texas Real Estate in February: Sales Down 6% YoY, Inventory Down 65% YoY
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.
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.
Combined, active listings declined 65% year-over-year.