Dallas-area home listings fall substantially.

Sellers are waiting for better times to put their house on the market. Seven months of supply is still buyers market, but much better than twelve months. However the lower supply helped DFW to keep prices flat for the 2Q, while nationwide home prices

North Texas homebuyers who are hoping to find a huge supply of houses for sale may be in for a surprise. While many markets in Florida and the West are suffering from a surplus of for-sale signs, the number of houses available in the Dallas-Fort Worth area has fallen substantially in the last year.

The supply of pre-owned homes for sale is down almost 17 percent from this time last year and has fallen by a quarter from the summer of 2007.The drop in inventory of newly built homes is even steeper – about 50 percent since mid-2007.

And lower inventories generally provide support for home prices.

"Our housing inventory never got as high as we saw around the rest of the country, and it's certainly fallen significantly over the last couple of years," said David Brown, who heads the Dallas office of housing analyst Metrostudy Inc. "We don't have the supply issue we had in the downturn of the late 1980s."

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