Home Sales Rebound in April in North Texas

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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,

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The North. the rebound will continue through the rest of the second quarter.” April single-family sales in North Center ranged in price from $450,000 for a five-room frame cottage on Belmont Avenue.

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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.

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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.

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It’s worth noting, however, that Texas housing still remains a bargain compared to many other areas of the nation. According to the Real Estate Center, for instance, in November 2017 the median sale price for existing Texas homes was about $218,000, while the median price realized for new homes was nearly $286,000.

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