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North Texas home sales flat in February

Homes sales were flat in February, says Texas A&M Real Estate Center monthly market report.
Homes sales were flat in February, says Texas A&M Real Estate Center monthly market report. AP

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

Twitter: @SandraBakerFWST

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

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