Good news from the National Association of Realtors — home sales across the country spiked up in August. Of course, they should: August is always the busiest real estate month of the year, when families want to buy homes and get settled before the school year.
Dallas residential sales were up by a whopping 29.1%, among the highest of the national metro areas. That and our smidgen of an increase in prices — 0.3% — was enough to earn kudos from BusinessInsider, who anoints us as one of the top 10 U.S. cities where sales are bouncing back.
Looking at NTREIS, I compared August 2010 sales to this year. In 2010, there were 846 homes sold in Dallas, Park Cities, Mesquite, and Richardson at a median price of $222,449, or 96.01% of listing price, averaging 79 days on the market.
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