Home Sales Rebound in April in North Texas

New-home sales rebound in May on hearty demand. The median sales price in May was $313,000, 3.3% lower than a year ago. With a faster selling pace, it would take less time to exhaust available inventory: 5.2 months at the current pace, compared to 5.4 months in April. The big picture: New-home sales have been grinding slowly higher,

North Texas home sales rebound in April after declines in the first quarter. More than 9,600 single-family homes were sold by local real estate agents – 5% more than in April 2018. The increase in area home purchases last months followed several months of weakening sales due to affordability issues and upticks in mortgage costs.

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Sales of new homes in May decreased 7.8% to a five-month low of 626,000 at an annualized pace, down from April’s upwardly revised rate. in broadcast journalism from the University of North Texas.

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April was a good month for home sales in North Texas as more than 9,600 single-family homes changed hands, which is five percent more as compared to April 2018, the Dallas Morning News reports.

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The real estate boom in Dallas-Fort Worth may be tightening, with pending. Texas homes in May, down 6% from 1,301 pending sales in April.

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The gain comes after weak job growth in April and steep job losses in. such as auto and furniture sales. Texas’ May jobs gain ranked third nationally, after California and New York. North Dakota,

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Regionally, sales in the Northeast, which account for the majority of existing home sales, rose 4.7% to 670,000 units, almost in line with the prior-year period.

April Home Sales rebound average price sets Record for 22nd Consecutive Month. The april average home price climbed to $214,972 compared to $205,089 a year earlier, a + 4.82 % increase. At the same time, the inventory of homes for sale, as of April 30, continued its year-over-year declining trend to 4,275 from 4,885 a year ago, down – 12.49 %.