Dallas ranked No. 3 among major U.S. cities for the number of homes sold in July after a 4.2% year-over-year rise in transactions, according to the most recent RE/MAX National Housing Report.
Closed sales rose to 8,306 transactions from 7,969 in July 2023. New York and Chicago took first and second place, while Houston and Atlanta ranked No. 4 and 5, respectively.
Dallas also ranked third in the U.S. for housing inventory. Listings jumped 33.3% year over year to 29,107. Miami and Houston took the top spots, respectively, while New York and Atlanta ranked No. 4 and 5.
“July’s real estate activity is a promising sign of market resilience,” RE/MAX President Amy Lessinger said in a press release. “Inventory bounced back after the historic lows of recent years, giving buyers far more options — even with the recent declines in new listings.”