Analysts Hoping the North Texas Real Estate Market has Hit Bottom

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New Listings were down in the north texas region 2.6 percent to 14,240. Pending Sales decreased 10.8 percent to 9,635. Inventory shrank 0.6 percent to 23,264 units. Prices moved higher as Median Sales Price was up 8.3 percent to $260,000.

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Dallas, Texas, is making headlines right and left these days – both for its booming housing market and for the potential problems many analysts somewhat contrarily insist that the city’s housing boom represents.

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International Homebuyers Report. Based on survey data from the Profile of international home buying activity and the Business Data for Engaging in International Real Estate Transactions in Texas studies by the National Association of REALTORS, the American Community Survey by the U.S. Census Bureau, and the Yearbook of Immigration Statistics by the U.S. Office of Immigration Statistics.

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North Carolina boasts not one, but two of the top five real estate markets in the United States in Raleigh, ranked #2, and Charlotte, ranked #4. Each of these metropoli are recognized for having not only rising rental prices and home values, but also for ” steady income growth, abundant job opportunities, and low unemployment rate .”

The moderation in our residential markets is good news for most analysts, who’ve been worried that North Texas’ residential sector is overheated. "You’ve still got a good market – just a little slower than what we’ve seen recently," said Dr. James Gaines, chief economist with the Real Estate Center.