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01/08/2013

North Texas existing home sales rise 16 percent in 2012, report finds

Existing home sales in North Texas finished 2012 16 percent ahead of sales in 2011, the first increase in three years, the latest Real Estate Center report shows.

In all, 75,207 homes were sold in the 29-county North Texas area last year. The Real Estate Center at Texas A&M University compiles data from real estate listing services.

The median sales price in 2012 was $157,780, an 8 percent jump from 2011, the report said.

In December, existing home sales reached 5,658, a 10 percent increase from December 2011.

Existing home sales in 2011 were flat from 2010, and in 2010, sales were down 7 percent from 2009.

The report comes one day after two real estate research firms reported year-end increases of 21 percent and 28 percent in the number of new home construction starts for 2012.

_ Sandra Baker

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