DALLAS – The Metroplex ranked fifth among the major markets with the largest year-over-year gains in home purchase contracts, according to Meyers Research.
Through April, the area's homebuying contracts were 8 percent ahead of the same time last year.
North Texas home sales were up 4 percent through May. Median home prices are up 5 percent so far this year. Last year, home price gains were in the double digits.
Meyers analysts credit rising interest rates with pushing more buyers into the housing market this spring.
Denver had the biggest gains in home purchase contracts at 24 percent. San Diego and Phoenix were both up more than 10 percent.
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