North Texas home sales flat in February
North Texas existing home sales were flat in February, but median home prices were up 9 percent, according to the latest market report.
In February, 5,593 homes were sold, two less than during February 2014, according to the Real Estate Center at Texas A&M University. The median home price was $191,000 last month, compared to $175,000 a year ago.
For the first two months of the year, 10,231 homes were sold in the 29-county North Texas region, down 1 percent. The median home price, however, was $186,500, or up 10 percent, the report said.
Home sales were down in many Tarrant-area markets. A couple of bright spots were in Grapevine, where sales were up 55 percent in February, and Kennedale, where sales were up 40 percent. Sales fell 38 percent in far southeast Arlington, figures show.
The Real Estate Center compiles sales and home prices numbers from the multiple listing service.
Homes are still selling faster than they are coming to the market. At the end of February, sales were pending on 6,239 homes, which is up 9 percent from a year ago.
The number of active listings fell 16 percent to 16,140 last month. The number of new listings added in February was 8,358 homes, down 1 percent of a year ago, the report said.
Homes that sold in February, on average, were on the market for 57 days, down 11 percent from February 2014.
Housing economists have forecast a strong home sales market for 2015, citing an improved U.S. economy and lower unemployment.
Home sales nationwide are expected to increase by 9 percent this year, and housing starts by 14 percent, according to CoreLogic market data and analytics firm.
Sandra Baker, 817-390-7727
Area | Sales | % change year ago | Median price | % change year ago | |
82 | NE Arlington | 23 | 35% | $192,000 | -6% |
83 | Central W. Arlington | 26 | 30% | $131,500 | -5% |
84 | Central E. Arlington | 12 | -20% | $75,000 | 23% |
85 | Arlington, Dalworthington Gardens, Pantego | 30 | -17% | $141,000 | -4% |
86 | SE Arlington | 23 | 21% | $113,000 | 26% |
87 | Far SW Arlington | 43 | -17% | $172,000 | 13% |
88 | Far SE Arlington | 50 | -38% | $150,000 | 15% |
89 | Mansfield | 64 | -22% | $224,750 | 16% |
90 | Kennedale | 7 | 40% | $211,250 | 21% |
101 | Downtown FW | 4 | 33% | $178,500 | -16% |
102 | Saginaw, north FW | 119 | 6% | $175,000 | 17% |
104 | East FW | 32 | -36% | $105,000 | -5% |
105 | Southeast FW (Rosedale) | 11 | 0% | $69,500 | 128% |
106 | South FW, Everman, Forest Hill | 19 | 0% | $70,000 | -5% |
107 | Central west and southwest FW | 42 | 14% | $305,750 | 157% |
108 | Central west FW | 57 | 27% | $335,000 | 30% |
109 | Northwest FW, River Oaks, Azle | 101 | 15% | $165,000 | 17% |
111 | South FW, Crowley | 125 | 13% | $136,500 | 11% |
112 | Far west FW, Benbrook, White Settlement | 63 | -13% | $150,000 | 13% |
120 | Bedford | 24 | -14% | $175,000 | 0% |
121 | Euless | 43 | 39% | $189,000 | 8% |
122 | Hurst | 33 | -3% | $172,250 | 24% |
123 | Colleyville | 23 | -4% | $517,000 | 0% |
124 | Grapevine | 31 | 55% | $281,500 | 10% |
125 | Southlake | 28 | -3% | $689,000 | 11% |
126 | Keller | 64 | 31% | $399,050 | 14% |
127 | N. Richland Hills, Richland Hills | 51 | -6% | $145,320 | -3% |
128 | Watauga | 31 | 15% | $128,500 | 25% |
129 | Haltom City, Riverside | 18 | -5% | $94,250 | -5% |
130 | FW Summerfields, Park Glen | 145 | -9% | $180,000 | 5% |
131 | Roanoke | 19 | 27% | $204,000 | 2% |
132 | Trophy Club, Westlake | 17 | -19% | $380,000 | -5% |
Source: Real Estate Center, Texas A&M, NTREIS
This story was originally published March 9, 2015 at 2:12 PM with the headline "North Texas home sales flat in February."