Dallas-Fort Worth pre-owned home sales fall 15% in August

North Texas home sales fell by double-digits in August from a year earlier.

But despite the decline, prices are still holding up.

Local real estate agents sold 6,338 pre-owned homes though the multiple listing service last month – a 15 percent decline from August 2008, according to the latest statistics from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information System.

Home sales are down 19 percent through the first eight months of 2009 compared with the same period of last year.

But so far, median sales prices have fallen only 2 percent and were unchanged last month at $150,000.

At the end of August, 38,166 homes were listed for sale in the area – 14 percent less than a year earlier. That adds up to a 6.5 month supply.

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