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04/08/2013

North Texas home sales in March continue on a strong note

North Texas existing home sales continued on its strong charge in March, with sales increasing 22 percent from a year ago.

The median price, $168,000, was also 8 percent ahead of March 2012, according to the latest monthly Texas A&M University Real Estate Center numbers.

In all, 7,483 homes were sold in North Texas.

So far this year, sales numbers are also posting ahead of 2012. January through March, 17,397 homes were sold in the 29-county region, up 19 percent from the first three months of 2012. The median sales prices was up 8 percent, to $159,400, the report said.

The inventory of preowned homes is still down and the number of new listings has remained flat, as the number of pending sales in March increased 17 percent, the report shows.

The number of active listings in March, 22,081, was down 22 percent last month. Buyers were under contract to buy 7,466 homes, up 17 percent from March 2012. Houses are selling in an average 65 days, a 24 percent drop from a year ago.

_ Sandra Baker

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