With the rise in big warehouse project, and the rise in North Texas big tech relocations, the housing market is also performing well in Dallas. Dallas Homeowners are getting generous offers to sell in certain areas according to an NBC 5 DFW article from January 14th. In it they say:
“Property owners in some Dallas neighborhoods are being deluged with requests to sell to investors.Soaring values with tax increases to match are making it harder for some who refuse to sell to stay in those places.”
Home sales aren’t doing to bad either. Dallas and Tarrant County had a huge number of home sales in December alone according to a Dallas Morning News article from January 15th. In it they say:
“Dallas County topped North Texas in home price gains at the end of 2020. Median home sales prices in Dallas County were up 16.5% in December from a year earlier, according to data from the MetroTex Association of Realtors. Median prices in the county were $290,000. While Dallas County had the biggest jump in prices, Tarrant County led the area in total sales with 2,629 purchases in the last month of the year. Tarrant County sales were up 18.8% from December 2019. Ellis County had the biggest percentage home sales gain — up 26.5% year-over-year.”
With all the hits the economy has taken with the pandemic, it’s nice to see some industries are still going strong, especially a crucial industry like housing.