Higher interest rates, tighter inventory, higher home prices, and general buyer fatigue are all factors that have led to home sales being down in a number of DFW neighborhoods and communities throughout 2018.
At the close of September, pre-owned home sales have dropped in quite a few markets this year, especially in places like Duncanville, Fairview, Northwest Dallas, and Allen. These communities have seen a decline in home sales by 19 percent, 19 percent, 17 percent, and 15 percent respectively.
The communities of Northeast Dallas, Colleyville, and Grapevine have also seen double-digit drops in home sales this year, even as new jobs continue to pour into the surrounding North Texas region.
Despite the slowdown in home sales, though, there is…