Hotness Factor: MLS Area Housing Activity Report
On the 8th of every month MLS sales are publicly released. They are reported by anybody and everybody. And usually people that don’t buy or sell real estate. That’s not a dig, just a fact.
I don’t like these reports for 2 reasons:
- The reporting is too early in the month for the previous month because all the sales data has not been entered.
- It gives broad activity of the DFW market not the micro market that we all live in.
One report that isn’t talked about too much is: Sales Closed by Area, Ranked by Hotness.
What is it?
The hotness ratio is pending sales as a percent of active listings. In other words, where buyer demand is. It’s put together by the Texas Real Estate Center, a very credible source.
MLS areas target more precise locations and sales activity for buyers & sellers to watch the market. All properties are entered into the MLS by area, sub area etc. There are 141 area in the MLS. So without further ado….
Here’s the Top 25 MLS Areas of Hotness for Single Family
- Area 9 The Colony
- Area 90 Arlington (Kennedale)
- Area 274 GRAND PRAIRIE-NEW 3
- Area 88 Arlington SE
- Area 124 Grapevine
- Area 5 Mesquite
- Area 106 FW South (Everman/Forest Hill)
- Area 86 Arlington Central SE
- Area 23 Richardson
- Area 15 Dallas South Oak Cliff
- Area 130 FW-Summerfield/Park Glen
- Area 120 Bedford
- Area 122 Hurst
- Area 51 Allen ISD
- Area 24 Garland
- Area 22 Carrollton/Farmers Branch
- Area 53 McKinney ISD
- Area 89 Arlington (Mansfield)
- Area 121 Euless
- Area 50 Wylie ISD
- Area 271 GRAND PRAIRIE-NEW
- Area 87 Arlington SW
- Area 12 Dallas East
- Area 127 N Richland Hills/Richland Hills
- Area 20 Plano
The Takeaway:
#1 is The Colony, this is where the 121 corridor is being transformed and many businesses and people are moving. You can also see areas surrounding The Colony are doing well too, Carrollton, Grapevine, Plano. Other Dallas areas are Richardson, Garland, Allen, McKinney, Wylie and East Dallas are all in the top 25. There are 141 areas in the MLS, if you want more information this link will give you the hotness ratio as well as sale, pending sales, days on market, active listings and months inventory of all DFW areas.
