Dallas-Fort Worth home prices down about 5% in new report

Dallas-Fort Worth home prices fell by almost 5 percent in the fourth quarter, according to the latest in a string of recent housing market assessments.

North Texas’ year-end decline in median home sales prices was modest compared to the record 12.4 percent nationwide drop reported Thursday by the National Association of Realtors. The Realtors’ quarterly home price report tracks houses sold through their multiple listing service.

D-FW’s fourth quarter annual decline was about twice the rate of the home price decrease the Realtors association reported for the area in third quarter 2008.
But it is in line with recent local studies that show median home sales prices in the area dropped by between 3 and 5 percent in 2008.

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