March 2012 was the 9th month in a row that pre-owned homes sales in North Texas were higher than the same month last year. Pre-owned home sales were up 16% in the first quarter of 2012. There is a 23% decrease in total home inventory on the market indicating a limited supply of homes for sale which should support higher sales price levels this coming quarter.
The majority of the Metroplex has only 3-5 months of inventory so we are currently in a sellers market.
Many of the sort after north dallas suberbs such as Frisco, Plano, Alen & Mckinney have less than 3.5 months of inventory and homes that are priced to sell are receiving multiple offers.
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