North Texas March home sales bring strong 1Q
DALLAS-FORT WORTH – North Texas home sales rose 12 percent in March — the biggest year-over-year gain so far in 2015.
Real estate agents sold 7,854 preowned single-family homes, pushing first quarter 2015 purchases ahead 4 percent from 1Q 2014 levels, according to a new report from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.
The number of homes listed for sale with real estate agents in North Texas is at a historic low. Only 16,478 preowned single-family homes were for sale in the multiple listing service, down 15 percent from March 2014.
Only a 2.2-month supply of homes is listed for sale at a median price of $197,000, up 9 percent from March 2014.
Gains in 1Q 2014 continue the rate of home price growth in the Dallas-Fort Worth area that is running twice the long-term average.
| Single-family homes | Y-O-Y Chg. | Condos/ Townhomes | Y-O-Y Chg. | |
| Resales | 7,584 | 12% | 540 | 7% |
| Median price | $197,000 | 0% | $183,000 | 8% |
| Avg. DOM | 52 | -13% | 51 | -28% |
| Pending sales | 7,588 | 3% | 608 | 13% |
| Listed for sale | 16,478 | -15% | 1,019 | -26% |
Sources: Real Estate Center at Texas A&M University; North Texas Real Estate Information Systems
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