Annual new home sales in Dallas-Fort Worth hit record levels in February as both the sales pace and average sale price of new homes rose throughout Texas last month.
Average monthly new home sales in Dallas-Fort Worth, Houston, Austin and San Antonio, all reported their highest levels in the last year, according to the new homes sales report from HomesUSA.com.
That was, however, before the coronavirus outbreak hit the state and nation in a big way.
In February, Dallas-Fort Worth reported a 12-month rolling average of 1,338 new home sales, up from 1,319 sales in January. The HomesUSA.com report is based on refined data from North Texas Real Estate Information Systems, the Houston Association of Realtors, San Antonio Board of Realtors and the Austin Board of Realtors Multiple Listing Services.
“Dallas-Fort Worth new home sales came roaring back in February,” Ben Caballero, CEO and owner of HomesUSA.com, said in a prepared statement.
Caballero said his agents continue to report above-average activity in an emailed response to questions.
“One explanation is that, in many cases, people who are considering buying a home may have more time to focus on their search,” Caballero said.
See the full Dallas Business Journal article