Collin, Denton, Ellis and Kaufman counties
As home costs soar across the state, four counties in Dallas-Fort Worth saw especially significant growth over the last year. The median sale price for single-family homes increased nearly 27% in Collin, Denton, Ellis and Kaufman counties in February compared with a year prior, according to the latest numbers from the MetroTex Association of Realtors. Collin County holds the highest median sale price at $475,000. Tarrant County led in sales, with 1,812 homes changing hands. The sale price for local single-family homes sold by real estate agents across North Texas reached a record median of $365,000 in February, up 21% from a year earlier, according to the latest data from the Texas Real Estate Research Center at Texas A&M University and North Texas Real Estate Information Systems. It shot up $15,000 from January to February, a 4% increase.
"Everyone is hoping for a spring inventory influx, but it's unlikely it will be nearly enough to balance this market," Marissa Benat, president of the Collin County Association of Realtors, said in a statement. "We are getting buyers ready to make competitive offers so they can get moved into their home sooner than later."
Inventory is not keeping up with the high demand, and building permits are down as builders face supply chain and labor challenges.