North Texas Real Estate in May: Sales Up 30% YoY, Inventory Down 62% YoY

Note: Remember, sales were weak in April and May last year. I’m posting data for many local markets around the U.S. The story is the same everywhere … inventory is very low.

From the NTREIS for North Texas (including Dallas/Ft. Worth):

Single Family Homes sold in May 2021 were 10,712, up 27.3% from 8,418 in May 2020. 

Condos and Townhomes sold in May 2021 were 795, up 94.8% from 408 in May 2020.

Combined, sales were up 30.4% year-over-year.

Single Family Active Listings in May 2021 were 7,067, down 63.5% from 19,398 in May 2020. 

For Condos and Townhomes, Active Listings in May 2021 were 1,059, down 52.1% from 2,212 in May 2020.

Combined, active listings declined 62.4% year-over-year.

Although down sharply year-over-year, active inventory was up slightly compared to last month.