Thursday 24 January 2019
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Texas A&M - 12 days ago

DFW home sales have second-best year ever

​​DALLAS – North Texas real estate agents sold 9 percent fewer homes in December than they did a year earlier.
This marks the fifth consecutive month of year-over-year declines.
Despite the decreses, 2018 was still the second-best year ever, said Real Estate Center Chief Economist Dr. Jim Gaines.
Last month, 7,786 homes were sold through the agents multiple listing service, according to data from the Center​ and the North Texas Real Estate Information Systems.Last year, 104,572 North Texas single-family home were sold, a drop of just 1 percent from 2017 s record sales total.The slight decline in home purchases in the area followed almost eight years of increases.​Along with the dip in home sales, the median sales price was just 4 percent higher in December than a year earlier.
The number of homes for sale in the almost two dozen North Texas counties included in the report was 22 percent higher than a year earlier.Even with the increase in inventory, there was only about a 2.4-month supply of houses listed for sale in the area at the end of December. The Center considers a six- to 6.5-month supply a balanced market.

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