Texas Real Estate Companies

Report: Home prices in DFW rise 9.5%; Texas sees new real estate heights

Dallas-Fort Worth home prices rose 9.5 percent year-over-year in the fourth quarter of 2015 as the demand for single-family homes in the region continued to surge, according to the Texas Quarterly Housing Report released Monday by theTexas Association of Realtors.

The region’s median home price is $210,700, according to the report.

The Lone Star state has enjoyed a booming real estate market, and Texas Association of Realtors Chairwoman Leslie Rouda Smith said the industry group projects 2016 to be another strong year.

“Texas has enjoyed four straight years of booming real estate growth and record-high housing demand,” Smith said in a statement. “While 2016 might not turn out to be another record year for Texas real estate, housing demand will likely remain strong and home prices will likely continue to rise over the next year.

“Four years of housing inventory shortages have created a backlog of housing demand across the state — particularly Texas’ metro areas,” she added.

In Dallas-Fort Worth, there was 1.9 months of inventory, which didn’t increase at all year-over-year as demand quickly snapped up builder’s efforts to bring single-family homes to the region.

Texas real estate professionals sold 70,150 homes in the fourth quarter of 2015, which brought the state’s total homes sold for the year up 4.1 percent to 309,090 single-family residential homes. This is the first time in history Texas’ annual home sales topped 300,000, according to the industry group.

North Texas’ median home price is $210,700 (6.2 percent increase year-over-year), which is slightly higher than the state’s median home price of $195,000 (5.5 percent increase year-over-year) for the fourth quarter of 2015.

That is the highest annual median price for a single-family home in the history of Texas real estate, according to the Texas Association of Realtors.

Even as the real estate market booms, Jim Gaines, chief economist of the Real Estate Center at Texas A&M University, said the falling oil prices and drilling activity have just begun to significantly impact Texas.

“The full effects have yet to be seen,” he said. “However, the decline of the energy sector could add much-needed housing stock to the market, filling labor shortages in the homebuilding industry and helping the Texas housing market move towards a more balanced market for buyers and sellers.” [ http://www.bizjournals.com/dallas/news/2016/02/01/report-home-prices-in-dfw-rise-9-5-texas-sees-new.html ]

Texas Real Estate Companies List:

Dick Ford Companyhttp://www.dickford.com/dick@dickford.com(806) 358-6892105 SW 5th Ave
Amarillo, TX 79101
Lyons Realtyhttp://www.806homes.com/info@806homes.com(806) 358-39007480 Golden Pond Pl
Ste 100
Amarillo, TX 79121
Dallas Luxury Realtyhttp://www.dallasluxuryrealty.com/sharron@luxuryrealtytx.com(214) 754-70402736 Routh St
Dallas, TX 75201
The Locators Dallas Real Estate Brokeragehttp://thelocatorsdallas.com/ruth@thelocatorsdallas.com(214) 455-68242821 Mckinney Ave
Ste 2
Dallas, TX 75204
Apartment Gurushttp://apartmentgurus.com/info@apartmentgurus.com(713) 862-2587448 W 19th St
Ste 371
Houston, TX 77008
Houston Apartment Insidershttp://www.houstonapartmentinsiders.com/info@houstonapartmentinsiders.com(713) 581-10553730 Kirby Dr
Ste 1200 A
Houston, TX 77098
In the Loop Propertieshttp://www.intheloopproperties.com/info@intheloopproperties.com(713) 521-73681724 Richmond Ave
Houston, TX 77098
Susan Witt Realtor - Texas Pride Realtyhttp://www.susanwittrealtor.com/susan@susanwittrealtor.com(214) 680-01006505 W Park Blvd
Plano, TX 75093
Drake Copeland Realtyhttp://www.drakecopelandrealty.com/0/Homejuli@drakecopelandrealty.com(214) 587-63562301 Shinnery Oak Dr
Plano, TX 75074
Goodlife Realtyhttp://www.goodlifeteam.com/info@goodlifeteam.com(512) 892-94731114 E Cesar Chavez
Austin, TX 78702
Violet Crown Realtyhttp://www.violetcrownrealty.com/hello@violetcrownrealty.com(512) 801-9001943 E 51st St
Austin, TX 78751
Northern Pass Propertieshttp://www.nppelpaso.com/dale@nppelpaso.com(915) 219-91581321 E Yandell Dr
Ste B
El Paso, TX 79902
Ohlig Group Realtyhttp://ohliggroup.com/chris@ohliggroup.com(469) 607-73836815 Windhaven Pkwy
The Colony, TX 75056