Follow Us on Social Media

email icon rss icon icon google plus icon twitter icon facebook icon

2nd Quarter Housing Report for 2014: Dallas, Texas is a SCORCHING Hot Summer Market

by Chris Feltus on August 15, 2014 · 0 comments

Dallas, Texas is a SCORCHING Hot Summer Market

Although we are having a “mild” summer (mild here in Texas is high 90s) here in North Texas right now, the housing market is on fire and setting record levels. Its no secret that the Dallas – Fort Worth is one of the hottest housing markets right now, but Q2 in particular is one of the strongest quarters of the year.

The reason for this around this time buyers go into a frenzy to try and swoop in and buy a house before the school year starts in August.

Related: 1st Quarter Housing Report for 2014: Dallas, Texas Continues to be One of the HOTTEST Markets Around!

Housing Inventory Continue to Decline, Prices Rising

Inventory continues to remain very tight at 2.7 months of supply; however, month of supply of inventory actually increased marginally.

Days on Market has further reduced since Q1 to 42 average DoM down from 42. This is probably as  perfect as you will get to the by the book definition of a “sellers market”.

But,  let’s take a brief overview the stats below and take a look at what’s going on in DFW  for Q2 of 2014, take a look at some of the key stats listed below that shows why DFW is such a strong real estate market.

Dallas Housing Overview Stats
Dallas Market Acvitiy
dallas real estate agent
Housing Affordability

How Hot is this Market?

To give you an idea of how much things have heated up, its not uncommon to list a house, receive multiple offers and go under contract that day if the property is in decent shape and in a desirable school zone.

In some areas of Dallas we are seeing near record prices for average price per square foot, such as in Plano.

The low levels of inventory, combined with DFW being one of the most highly sought after markets, is making it difficult for both realtors and investors right now to find homes to purchase or list.

Is it the Texas Heat or will this Market Fizzle Out?

How long will this robust market last?

Will this market “cool off” as summer draws to a close? I am of the opinion months of supply of inventory will continue to gradually rise but not nearly enough to bring the market back to equilibrium, at least not until anytime soon. In fact, builders are currently struggling to find enough land to develop, but that’s a different matter entirely. We will just have to stay tuned until Q3, until then, check out some of the more in-depth statistics below.

Related: Texas: The Next Real Estate Boom?

Average price per square foot in Dallas County for Q2 2014
average price per square ft

Average months of supply in Dallas County for Q2 2014
average price per square ft


Email *

{ 0 comments… add one now }

Leave a Comment

Comment Policy:

• Use your real name and only your name in the field designated for your name.
• No keywords allowed as anchor text in the name or comment fields.
• No signature links allowed under your comments
• You may use links in the body of your comment, but it must be relevant to the discussion at hand, and not merely be some promotional link.
• We will have NO reservations about deleting your content if we feel you are posting merely to get a link without adding value to our discussion.
If you add value, but still post keywords, we'll use your comment, but remove your link and keywords.
• For more information about acceptable practice, see our site rules.

Want your photo to appear next to your comments? Set up your Gravatar today.

Previous post:

Next post: