Dallas Housing Market Continues to Be On Top
Posted September 4th, 2012 | by The Update
The Dallas housing market continues to fare well, rising even higher than all the positive reports that have been coming in about the nation’s real estate market. Take, for example, the recent numbers from Briggs Freeman Sotheby’s International Realty, leading the way in Dallas luxury real estate:
• Their office has closed 1077 units year-to-date, a 94.76% increase over this time last year. Their per-agent output is also the highest in the market.
• They dominate in market share across the area and in key, luxury neighborhoods. We lead in Dallas County with 9.2% of the overall market, in Preston Hollow with 16.1% and in the Park Cities and vicinity with 27.3%.
• Our office has closed $827 million in volume year-todate, an 86.51% increase over this time last year.
“Dallas is in the center of a nationwide real estate recovery, according to data provided by Case-Shiller Home Price Indices, the leading measure of U.S. home prices,” notes Robbie Briggs, CEO of Briggs Freeman Sotheby’s International Realty. “Positive annual growth is recorded at the end of the 2nd quarter of 2012 in the top 20 U.S. cities. All 20 cities posted positive monthly gains. The National Composite was up 6.9% in the 2nd quarter alone. June in Dallas slowed slightly, but Briggs Freeman Sotheby’s International Realty enjoyed record sales in one of the most active summers in our company’s history. We are expecting a strong fall selling season. Inventory is down, especially for homes under $2 million. Prices are firming and buyers continue to enter the market, from first time to luxury seekers.”
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