Photo courtesy Getty Images.
Home listings and sales have been on the rise in Preston Hollow since February of this year.
Take a look at the breakdown of these changes, as well as how it compares across Dallas through a series of graphs below.
More homes on the market
In the six ZIP codes in Preston Hollow, new home listings began to increase in February and March of this year.
This followed a decline in listings since July of last year, where each ZIP code had at least a 36% drop.
Since February, ZIP codes 75229 and 75225 had the highest rate of increase by nearly doubling listing numbers, while ZIP codes 75230, 75220 and 75244 had a roughly 50% or less increase.
In all of Dallas, trends show a similar increase from this spring to the summer. In 2019, there was a steeper growth than in 2020 or 2021 so far.
Home sales increase
The number of homes sold in the last few months has also grown in Preston Hollow.
The largest increase—74%—was seen in ZIP code 75230 from February to July. This comes after the largest decrease seen was 34% in ZIP code 75209 from July to January.
Across Dallas, home sales were at a 2-year high in the months of April and May. A slight downward trend in June dropped Dallas totals below previous years.
Market costs
Four ZIP codes in Preston Hollow have increased median listing prices on homes, while two have dropped since February of this year.
ZIP code 75225 has consistently had the highest home listing prices in Preston Hollow, but fell by 16% from January. In January, the area reached the highest median asking price since mid-2019.
Each of the remaining ZIP codes had listing prices remain above those from July 2016, and for the most part have continued to steadily increase over the last five years.
Explore home sale price changes in Preston Hollow and surrounding areas in the last year using the map below.
