Adapted from Dallas Morning News, author Steve Brown Real Estate Editor
The Dallas-Fort Worth area once again is on the list of Realtor.com’s hottest U.S. home markets where the most people are shopping for homes.
“Calendars might say spring is only a week old, but we’re already in the thick of the most frenzied spring home buying season on record,” Realtor.com research manager Javier Vivas said in the marketing website’s March report. “The median days on market for homes on Realtor.com in March saw the biggest drop since the end of the recession, and half of homes are now selling in less than 69 days nationally.
In Dallas-Fort Worth during March, it took only 38 days on average to sell a house listed for sale with property agents.
Realtor.com said the usually strong spring housing surge around the country is coming about a month earlier than usual.
In March, the nationwide median home list prices rose above $250,000 for the first time to $260,000 — 8 percent higher than a year earlier.
North Texas median home sales prices during the first two months of the year shot up 14% compared with the same period in 2016 and are at an all-time high.
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