Sunday, January 10, 2010

Dallas-Fort Worth home sales swing to negative territory

After two months of solid gains, North Texas home sales fell back into the negative in December – down 1 percent from a year earlier.

The best news in the monthly report on pre-owned home sales was that median prices were up 2 percent from December 2008.

Pre-owned home sales in North Texas fell below the 5,000 mark last month for the first time since February, according to figures released Thursday by the Real Estate Center at Texas A&M University and the North Texas Real Estate Information System.

The number of pending sales in the area was also down last month by 7 percent to the lowest level in more than three years.


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