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.
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.
Combined, active listings declined 62.4% year-over-year.
Although down sharply year-over-year, active inventory was up slightly compared to last month.