North Texas home price increases slow in April

DALLAS-FORT WORTH – A study found that the sales of preowned single-family homes in North Texas fell by 5 percent when compared with data from April 2013, citing Metrostudy data. The rate of home price increases also decreased with a year-over-year gain of just 4 percent.

While some may fear that these factors are indicators of a slowing market, many are confident that the smaller increments of increase in home price will ultimately be good for the market and lead to strong conditions as things pick up in spring and summer.

"The slowing rate of increase in home prices is actually a positive sign for the outlook of the North Texas housing market," said DD Flynn, vice president of marketing at Prudential Texas Properties. "With rates slowing down, buyers will be able to catch up in a market that has been dominated by home sellers for a long time."

North Texas has seen a tremendous amount of recovery, with home prices are now almost 30 percent ahead of where they were in 2011.

Read more at PRWeb.