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North Texas Real Estate in May: Sales Up 30% YoY, Inventory Down 62% YoY

Summary:
Note: Remember, sales were weak in April and May last year. I'm posting data for many local markets around the U.S. The story is the same everywhere ... inventory is very low.From the NTREIS for North Texas (including Dallas/Ft. Worth):Single Family Homes sold in May 2021 were 10,712, up 27.3% from 8,418 in May 2020. Condos and Townhomes sold in May 2021 were 795, up 94.8% from 408 in May 2020.Combined, sales were up 30.4% year-over-year.Single Family Active Listings in May 2021 were 7,067, down 63.5% from 19,398 in May 2020. For Condos and Townhomes, Active Listings in May 2021 were 1,059, down 52.1% from 2,212 in May 2020.Combined, active listings declined 62.4% year-over-year.Although down sharply year-over-year, active inventory was up slightly compared to last month.

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Note: Remember, sales were weak in April and May last year. I'm posting data for many local markets around the U.S. The story is the same everywhere ... inventory is very low.

From the NTREIS for North Texas (including Dallas/Ft. Worth):

Single Family Homes sold in May 2021 were 10,712, up 27.3% from 8,418 in May 2020. 

Condos and Townhomes sold in May 2021 were 795, up 94.8% from 408 in May 2020.

Combined, sales were up 30.4% year-over-year.

Single Family Active Listings in May 2021 were 7,067, down 63.5% from 19,398 in May 2020. 

For Condos and Townhomes, Active Listings in May 2021 were 1,059, down 52.1% from 2,212 in May 2020.

Combined, active listings declined 62.4% year-over-year.

Although down sharply year-over-year, active inventory was up slightly compared to last month.

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