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DFW home sales have second-best year everDFW home sales have second-best year everhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=217372019-01-11T06:00:00Z2019-01-12T00:20:00Z

​​DALLAS – North Texas real estate agents sold 9 percent fewer homes in December than they did a year earlier.

This marks the fifth consecutive month of year-over-year declines.

Despite the decreses, 2018 was "still the second-best year ever," said Real Estate Center Chief Economist Dr. Jim Gaines. 

Last month, 7,786 homes were sold through the agents' multiple listing service, according to data from the Center​ and the North Texas Real Estate Information Systems.

Last year, 104,572 North Texas single-family home were sold, a drop of just 1 percent from 2017's record sales total.

The slight decline in home purchases in the area followed almost eight years of increases.

​Along with the dip in home sales, the median sales price was just 4 percent higher in December than a year earlier. 

The number of homes for sale in the almost two dozen North Texas counties included in the report was 22 percent higher than a year earlier.

Even with the increase in inventory, there was only about a 2.4-month supply of houses listed for sale in the area at the end of December. The Center considers a six- to 6.5-month supply a balanced market. 

Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
https://www.dallasnews.com/business/real-estate/2019/01/08/north-texas-home-sales-stumbled-december-prices-gains-slowed

​See also​: Dallas-Fort Worth-Arlington Housing Market Research.

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