Posted 1/10/2024, 9:03:21 PM
DFW Home Sales Drop 6% in December But Prices Still Climb as Supply Lags
- Dallas-Fort Worth real estate agents sold 6,416 homes in December, a 6% decline from December 2022
- Median home sales price in December was $389,945, up 1.3% from a year earlier
- Mortgage rates have fallen from a peak of about 8% a few months ago to just under 7% currently
- Supply of homes listed for sale remains tight at less than 20,000, contributing to price inflation
- DFW builders sold a record 52,600 new homes in 2022 as buyers looked beyond resale market