Note: Remember, sales were weak in April 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 April 2021 were 10,152, up 28.3% from 7,913 in April 2020.
Combined, sales were up 33.1% year-over-year.
Single Family Active Listings in April 2021 were 6,967, down 66.6% from 20,881 in April 2020.
Combined, active listings declined 64.9% year-over-year.
Although down sharply year-over-year, active inventory was up 12.9% compared to last month.