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North Texas Real Estate in March: Sales Up 7% YoY, Inventory Down 65% YoY

Summary:
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 March 2021 were 9,712, up 5.0% from 9,252 in March 2020. Condos and Townhomes sold in March 2021 were 805, up 50.2% from 536 in March 2020.Combined, sales were up 7.4% year-over-year.Single Family Active Listings in March 2021 were 6,859, down 67.1% from 20,853 in March 2020. For Condos and Townhomes, Active Listings in March 2021 were 1,264, down 37.7% from 2,030 in March 2020.Combined, active listings declined 64.5% year-over-year.

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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 March 2021 were 9,712, up 5.0% from 9,252 in March 2020. 

Condos and Townhomes sold in March 2021 were 805, up 50.2% from 536 in March 2020.

Combined, sales were up 7.4% year-over-year.

Single Family Active Listings in March 2021 were 6,859, down 67.1% from 20,853 in March 2020. 

For Condos and Townhomes, Active Listings in March 2021 were 1,264, down 37.7% from 2,030 in March 2020.

Combined, active listings declined 64.5% year-over-year.

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