May 2024 Housing Stats for North Dallas
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOlk7xL17dUM1KYTF9I_YbkFm3jdb8EuyeZxYExFAhAlhujuR53wboJh8VbPbTbDZHQ7D-EhpoWdAsl6H2nYC-DXkslq2obIQLG-7D0Fsw77b1GaDV70ZbyRAHR_CLRwRZRzoue-DO8VY6ihrK3V-IEw7Na3XcRb30bfpInvv4nupA5UAEqWkINXDXF6MC/w559-h606/May2024_NTREIS.png)
Commentary from Kelly Milligan The May data shows a market that is hanging tough, despite the headwinds we’ve been facing for the past two years now—higher interest rates, rising buyer costs, low inventory and pervading concern about the direction of the national economy. Add in the uncertainty within the industry about how the NAR settlement will impact transactions, and it’s not hard to imagine a negative impact on the market. And yet, we’re chugging along pretty well through the first five months of 2024. Looking at numbers, we’re trending ahead of 2023, though slightly below where we were to this point in 2022, before the Fed started raising rates. May sales were up year-over-year in 24 of 44 zones. Among the most notable strong spots were high-volume areas like Allen (+26.3%), Carrollton (+22.9%), Lewisville (+22.5%), Plano (+24.7%), Richardson (+12.9%) and Wylie (+13%). Sales in Dallas were off by 3.8%, but dollar volume and price appreciation were up 15-20%; good month