Home sales drop
With less homes on the market to sell, the number of homes sold has also dropped in Lakewood and East Dallas neighborhoods.
These numbers followed a similar trend as the drop in new listings, but had a less drastic decline than listings did at the ZIP code level. The largest drop—roughly 33%—was seen in ZIP code 75214.
Total home sales dropped across Dallas as a whole as well, with a nearly 28% decrease from July to January. However, the number of sales were still significantly higher than in 2019. This trend changed in early 2021, when the number of homes sold fell below levels from both previous years in March and April.