Existing home sales in North Texas were down 25 percent in March, compared to a year ago, according to prelinimary figures from the North Texas Real Estate Information System.
But the median price of a home in March was $149,790, up 2 percent from a year ago, according to NTREIS.
The figures show the largest drop in home sales of the past 14 months of negative numbers. Each of the past 7 months have had double-digit year-over-year drops, according to revised numbers from the group.
Real estate agents in the 29-county North Texas area that spans from north of Waco to the Oklahoma border sold 6,223 homes in March. That's the most since October.
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For the first quarter, home sales are down 18 percent from a year ago. There have been 16,256 homes sold in the area in the first three months.
The number of days a home was on the market before selling was 87 days, up 13 percent from a year ago.
Homebuilders are seeing a similar effect on new home sales. New home sales are down 31 percent in the first quarter, according to a report last week from Metrostudy.