North Texas home sales down 5 percent in April from year agoNorth Texas home sales down 5 percent in April from year agohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=41872014-05-16T12:10:00Z2014-05-16T08:00:00Z

DALLAS-FORT WORTH - Sales of preowned single-family homes in North Texas fell 5 percent in April 2014 when compared to April 2013, according to the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

The rate of home price increases also slowed dramatically. It was just 4 percent higher year-over-year after rising at a double-digit rate.

So far in 2014, sales are off 3 percent from the first four months of 2013. On average, it took 53 days to sell a house, but much faster home sales are reported in many neighborhoods. There is currently less than a three-month supply of houses available for purchase.

Price gains in first quarter 2014 were also up 9 percent from 1Q 2013, slightly better than the 8.6 percent national home price gain.

North Texas home prices are now almost 30 percent ahead of where they were in 2011.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/residential-real-estate/20140512-north-texas-home-sales-down-5-percent-in-april-from-year-ago.eceRead more at {Source}

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