27% surge in September home sales sets record for North Texas

North Texas home sales surged in September — up 27% from a year ago. It was the largest such annual price gain in more than a decade.

Real estate agents sold 11,408 single-family homes, a record number of purchases for the month of September, when sales typically slow.

But not this year.

Record low mortgage rates have caused a run on home buying even in the face of the COVID-19 pandemic.

Last month’s huge home sales increase is the fourth month in a row of double-digit percentage sales gains compared with 2019 levels, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.

September’s year-over-year gain was the largest yet.

“It’s amazing that sales are up 27% over last year’s but not surprising based on what I have been hearing,” said Paige Shipp, a housing analyst for CDCG Asset Management. “D-FW

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