North Texas Existing Home Sales Continue Downward Trend in August

Posted by Kenneth G. Cox on Tuesday, September 18th, 2018 at 12:51pm

Home Sales Decline in North TexasPre-owned single-family home sales in North Texas dropped 1% in August, according to recently released figures from the Real Estate Center at Texas A&M University. 

These figures cover over two dozen counties that stretch from the Red River to Waco, but if you take a closer look at just the DFW area,  home sales numbers last month show an even larger dip. 

In Dallas alone, pre-owned homes sold by real estate agents dropped by around 4% in August year-over-year, and some suburban communities like Allen, Coppell, and Plano saw declines of 24%, 21%, and 16% respectively. 

Also noted by the Dallas News was that according to the latest report from the Texas Association of Realtors, the DFW housing market was the only major metro area in Texas that saw an overall decline in second quarter home sales sold by real estate agents in 2018. 

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