D-FW Records Highest Homes Sales in Texas for Quarter 1, 2018

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First Texas Homes
Image: firsttexashomes.com

Founded on over 45 years of residential home-building experience, First Texas Homes provides comprehensive building construction services in Texas. Over the course of its existence, First Texas Homes has grown to become one of the largest private home builders in Dallas-Fort Worth (D-FW).

D-FW maintained its dominance as the top home sales market in Texas in the first quarter of 2018, according to a report by the Texas Association of Realtors. The area recorded sales of more than 20,000 homes, over 25 percent of entire sales in the state that period. Houston was second with over 17,600 sales.

While 2018’s first quarter sales were higher than those from 2017, the growth was smaller. For example, D-FW sales for quarter one of 2018 were only 1 percent higher than those from the same period in 2017. Statewide home sales over the two periods grew by only 2 percent.

Analysts attribute the slower growth to a tightening inventory in the market. However, they were upbeat about quarters two and three, which have traditionally recorded the highest activity every year.

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