Tuesday, August 10, 2010

Dallas-Fort Worth home sales drop 29 percent in July

North Texas home sales fell off a cliff in July.

Sales of preowned homes plunged 29 percent from a year earlier after the expiration of federal home buying incentives, which had brought out thousands of buyers.

Condominium and townhouse sales dropped by 37 percent.

July's 5,143 single-family home sales were the lowest monthly total since February, according to the latest report from the North Texas Real Estate Information Systems and the Real Estate Center at Texas A&M University.


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