Monday, August 10, 2015

North Texas home sales jumped 14 percent in July


North Texas home sales rose 14 percent in July.
It was the second month in a row for double-digit percentage increases in preowned home sales from a year ago.
Real estate agents sold a record 10,719 single-family homes, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Services.
The largest sales gains were in sales of houses priced over $300,000.
Median home sales prices in North Texas rose 9 percent from July 2014.
With July’s sales, home purchases in the area are 4 percent higher than in the first seven months of last year.
And sales prices are 12 percent higher than in the same period of 2014.
In July it took only 38 days on average to sell a North Texas home.
The number of houses listed for sale with real estate agents was down 6 percent from a year earlier.
With pending sales up a whopping 38 percent, August is likely to be another month of strong home sales in this area.
Steve Brown/Dallas Morning News