DFW home sales up 16% in August Home sales growth in North Texas - TopicsExpress

DFW home sales up 16% in August Home sales growth in North Texas slowed a bit in August. And there are signs in the market that the mad scramble to buy houses is moderating. “We’re beginning to see the shortage of inventory addressed, but it’s still there,” said Dr. James Gaines, an economist with the Real Estate Center at Texas A&M University. The number of pre-owned single-family homes purchased in the area last month was up 16 percent from August 2012 and median home prices in August rose 12 percent from a year ago. Through the first eight months of this year, total pre-owned home sales are up 20 percent in the more than 50 counties included in the North Texas housing report. - Dallas Morning News, September 9, 2013

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