ALEX PERRY
214.926.0158
[email protected]
Allie Beth Allman & Associates
Days on Market Lessen: Texas’ average days on market (DOM) retreated for the first time since March 2022, falling three days to 56, straying from historical norms. Before 2020, the five-year DOM average was 59 days. Dallas recorded the biggest drop to 51 DOM, over a 7 percent decrease from the previous month. After data adjustment, the Texas Leading Economic Index had a weaker reading at 102.4 in April, but it advanced to 104.7 in May—the highest reading in the past nine months.
Texas Works: Texas consumers reportedly were 2.6 percent more confident about the economy than the average U.S. consumer, due in large part to Texas’ strong employment growth rate.
Dallas Leading the Way: North Texas continues to lead the state in the sales of homes. Texas Realtors says in a new report that Dallas-Fort Worth recorded the sales of 27,015 homes in the second quarter, accounting for nearly 28% of the statewide total of 96,500 homes sold.
Commercial Confidence: The pandemic and other economic challenges have taken a toll on commercial properties across the country, but Dallas-Fort Worth continues to remain competitive. North Texas led the country last year in commercial sales with more than $42 billion in transactions.
