NORTH TEXAS - The number of houses for sale in North Texas is at the lowest level since 2001. The standoff between potential North Texas home sellers and eager buyers continued in February.
The number of preowned houses listed for sale in the area was down 21 percent from February 2012 with the number of homes on the market remaining at the lowest level in more than a decade.
North Texas preowned home sales rose 14 percent in February from a year ago — the 14th month in a row of double-digit year-over-year gains.
Area real estate agents sold 5,325 preowned single-family homes through their multiple listing service, the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems reported.
With rising buyer demand and low listing inventories, there’s only about a 3.4-month supply of homes available in North Texas.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.