Home sales prices in two North Texas counties — Collin and Denton — have rocketed to $400,000 and more this year.
Median sales prices of houses sold by real estate agents in Collin and Denton counties were the highest in the Dallas-Fort Worth area and rose by more than 20% in June from a year earlier, according to the latest data from the MetroTex Association of Realtors.
Collin County had the highest prices with a median of $440,000 in June. That compares to a median price of $350,000 for all of North Texas, which is up 23% from June 2020.
North Texas have prices have risen by almost 50% in the last five years.
June home sales rose from a year ago in two D-FW counties.
Single-family home sales were up about 7% year-over-year in Dallas County. And Collin County had a more than 4% sales increase from June 2020.
Tarrant County had the most total sales, with 2,808 properties sold last month. The number of homes for sale in all of the North Texas counties was down sharply from 2020 levels. The greatest inventory declines were in Rockwall County, down 56.7% and Collin County, which had 56% fewer homes on the market than in June of last year.
Source: Dallas Morning News