DALLAS-FORT WORTH - Sales of preowned homes in North Texas jumped by 13 percent in October — the biggest annual sales gain in more than a year.
Real estate agents in the area sold 7,859 homes in October, according to the latest data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
Condominium and townhouse sales were even stronger, running 17 percent higher than in October 2013.
Median sales prices for preowned homes sold in the area by property agents were 7 percent higher than a year ago.
With the strong sales, the supply of houses on the market continues to lag 2013 levels. There was only a 2.7-month supply of homes listed for sale in the multiple listing service for the more than two dozen counties in North Texas.
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