Most Dallas-Area Neighborhoods Saw Fewer Home Sales in 2018
After years of booming sales, two-thirds of Dallas-area residential districts saw a dip in home purchases in 2018. Higher mortgage rates and a sparse inventory of affordable homes are credited with the slowdown.
Some of the biggest sales declines were in affluent neighborhoods in North Dallas and Collin County. But sales in more moderate-priced areas, including Duncanville and Grand Prairie, were also off by double-digit percentages from 2017's record home buys. Not every area saw a falloff in home purchases.
Neighborhoods with the biggest sales increases include the West Lake-Trophy Club area and McKinney. But total sales of homes sold by real estate agents were down more than 5 percent for all of the 45 residential areas The Dallas Morning News tracks. While home sales lagged in 2018, median prices of properties sold in the year were up in almost every Dallas-area neighborhood...
