North Texas home sales up 16 percent in SeptemberNorth Texas home sales up 16 percent in Septemberhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=108062015-10-13T05:00:00Z2015-10-13T16:00:00Z

​​​DALLAS – ​​​North Texas home sales jumped 16 percent last month as agents​​ sold 9,053 preowned houses. Total sales for the first three quarters of 2015 came to almost 74,000​.

According to data from the Real Estate Center and the North Texas Real Estate Information Systems, median prices were up 9 percent from September 2014. So far this year, median prices are at more than $200,000 — u​​p 11 percent from last year. Houses are selling at an average of 98 percent of the asking price in the area.

In the over two dozen Dallas-Fort Worth counties, less than 21,000 preowned houses were listed for sa​​le at the end of September. The 2.6-month supply is less than half of what is considered a normal market.

In the third quarter, North Texas home builders started more than 8,000 homes,​​ a nearly 22 percent increase from the same time last year, according to Dallas' Residential Strategies Inc. Builders sold 6,811 new houses in the third quarter, 16 percent more than in third quarter 2014. 

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2015/10/north-texas-home-sales-jump-16-percent-in-september.html/Read more at {Source}

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