North Texas home sales up 23 percent in May

Posted Wednesday, Jun. 19, 2013  comments  Print Reprints

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Sales of existing home in North Texas shot up 23 percent in May from a year ago, in the strongest month of home sale activity this year, according to the latest report from the Texas A&M University Real Estate Center.

In all, 9,197 homes were sold in the 29-county region at a median sale price of $180,000, up 11 percent from May 2012. The median price was $4,000 higher than in April and reached its high point of the year.

Spring is typically a strong selling season. The number of pending sales was up 14 percent, at 7,945 homes.

Active listings in the Multiple Listing Service, the database used by real estate agents, totaled 22,852, down 22 percent from May 2012. The number of new MLS listings reached 11,935 in May, up 8 percent from a year ago.

In Tarrant County, sales were particularly strong in Roanoke, Southlake, the central west Arlington-Dalworthington Gardens-Pantego area, and northeast Arlington.

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