 |
Dallas-Fort Worth home prices edge higher
07:13 AM CST on Wednesday, February 10, 2010
North Texas home prices inched higher in January.
Median pre-owned home prices were up 1 percent last month from a year earlier.
But the number of pre-owned homes sold in the area fell by 6 percent, the second consecutive decline in the monthly sales figures.
Real estate agents sold 3,360 homes through the Multiple Listing Service, according to statistics from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems Inc. And 172 condominium sales were recorded – 2 percent more than in January 2009.
About 33,500 homes were listed for sale in North Texas last month.
That's 10 percent fewer than a year ago.
There's just less than a six-month supply of homes listed for sale in North Texas. Six months is considered a balanced market.
| Comparisons of January pre-owned home sales and prices in North Texas with year-earlier statistics: | ||
| Single-family home resales | 3,330 | -6 percent |
| Median price | $130,000 | 1 percent |
| Average days on market | 84 | -2 percent |
| Pending sales | 4,369 | No change |
| Listed for sale | 33,569 | -10 percent |
| Condo-townhome resales | 172 | 2 percent |
| Median price | $127,520 | 6 percent |
| Average days on market | 96 | -16 percent |
| Pending sales | 235 | 3 percent |
| Listed for sale | 3,556 | -6 percent |
| SOURCES: Texas A&M University Real Estate Center, North Texas Real Estate Information System Inc. | ||
Create A Screen Name
Screen names can only consist of letters and numbers.
Your screen name will appear to everyone.
NOTE: You cannot change, delete,
or edit your screen name once you hit "Save".
RSS
E-Mail newsletters
- Internet Explorer 7+
- FireFox 3+
- Safari
If you are using Internet Explorer 7, make sure Phishing Filter is turned off by going to Tools / Phishing Filter / Turn Off Automatic Website Checking. If you are using Internet Explorer 8, make sure InPrivate Filtering is turned off and InPrivate Filtering data has been cleared. To turn off InPrivate Filtering go to Tools / InPrivate Filtering Settings, select the "off" button and click "OK". To clear InPrivate Filtering dataYou must be logged in to contribute. Log in | Register Now!
You are logged in as screenname | Log Out
You are logged in, but do not have a "screen" name. Create a Screen Name