February fires up DFW inventory and home salesFebruary fires up DFW inventory and home saleshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=124262016-03-09T06:00:00Z2016-03-09T20:40:00Z

​​DALLAS-FORT WORTH - February was another scorching month for the North Texas housing market as preowned home sales jumped 22 percent from February 2015.

And median sales prices were 9 percent higher than a year earlier, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.

The rise in sales came as a result of more properties hitting the market. New listings were up 20 percent from a year ago, and the total number of houses on the market was 4 percent higher—the first such increase in a couple of years.

In February, there was only a 2.1-month supply of houses listed for sale with real estate agents in North Texas. A normal market is considered to be a six-month inventory.
Dallas Morning News
Dallas-Fort Worth-Arlington

​Don't forget! Visit Dallas-Fort Worth Market Research​ for housing stats and more!

Read more at the {Source}

 Search NewsTalk Texas