{{titleBar.title}}

{{titleBar.tagline}}

 

 

Listings spike across Metroplex in JanuaryListings spike across Metroplex in Januaryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=219702019-02-18T06:00:00Z2019-02-19T00:30:00Z

​​​​​DFW January Home Sales Update, by county, comparing home sales, prices, and listings changes for Collin, Dallas, Denton, and Tarrant countiesDALLAS – A flood of North Texas houses hitting the market in January means it may take longer to sell a Dallas-Fort Worth home.

The number of houses up for sale in Dallas County rose more than 43 percent in January compared with a year earlier, according to the MetroTex Association of Realtors.

Home listings were also up by more than 42 percent in Denton County and 37 percent in Collin County. In Tarrant County, home listings were up 35 percent over the year.

The wave of properties hitting the market comes at a time when home​ sales in the area are declining and price increases have evaporated.

Sales fell 12.8 percent and 12.6 percent in Denton and Dallas Counties, respectively. Collin County home sales fell 10.5 percent over the year. Sales dropped 8.6 percent in Tarrant County. 

At the end of last month, there were almost 22,000 houses listed for sale with North Texas real estate agents—the largest January inventory in six years. 

More than 10,000 additional home listings hit the market in January alone.

Home prices ​​​grew 3.9 percent to $220,000 in Tarrant County and 3.5 percent to $300,000 in Denton County. Collin County home prices increased 0.6 percent to $313,707. Prices remained unchanged in Dallas C​ounty ($215,000).

Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
https://www.dallasnews.com/business/real-estate/2019/02/15/d-fw-home-sales-listings-explode-property-purchases-declined-januaryRead more at the {Source}

 Search NewsTalk Texas