North Texas area home market sale started the New Year with one bigger jump in prices. Median home sales prices rose 12 % last month from a year ago.
That continues the double digit % home price increases that have conquered the local residential market for months. Prices were up 7 % for all of 2014 compared with 2013 levels, according to data from the Real Estate Center at Texas and the North Texas Real Estate Information Systems.
January pre-owned single and family home sales were 3 % higher than one year earlier with 4,852 homes sold by Real Estate Agents through their multiple listing services. The number of homes listed for sale in North Texas fell to 16358 last month the lowest whole in more than a decade.
Some real estate analyst have predict a slower Texas housing market this year as of the decline in oil and gas industry employment and forecasts of slower economic increase for the state. But so far there is no sign that the Dallas-Fort Worth home market is cooling.
| January pre owned home sales and prices in North Texas | |||||
| Single-family homes | Condos/townhomes | ||||
| Resales | 4,852 | 3% | 311 | -7% | |
| Median price | $182,000 | 12% | $145,750 | -3% | |
| Avg. days on market | 60 | -8% | 58 | -5% | |
| Pending sales | 5,549 | 3% | 414 | 3% | |
| Listed for sale | 16,358 | -14% | 1,206 | -13% | |
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