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North Texas March home sales bring strong 1QNorth Texas March home sales bring strong 1Qhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=13002015-04-10T13:45:00Z2015-04-10T11:00:00Z

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.

North Texas Home Resales
  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%


See NTREIS March 2015 Report

Sources: Real Estate Center at Texas A&M University; North Texas Real Estate Information Systems

Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
http://www.dallasnews.com/business/residential-real-estate/20150408-first-quarter-home-sales-in-north-texas-rise-thanks-to-strong-march-showing.eceRead more at {Source}

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