The North Texas housing market is booming, with record-setting monthly home sales and prices, but the blazing pace may be leaving buyers looking for affordable homes in the dust.
The median single-family home price in May 2018 was $266,500, the highest on record for the North Texas region, according to Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems. And the number of homes sold at $180,000 or less fell off significantly last month compared to the same time in 2017.
On Monday, there were just shy of 1,200 single-family Dallas County homes for sale at or below the median price, according to Realtor.com — and only 415 homes were listed at or below $180,000. There were at least 3,617 homes listed for sale at or above the median price.