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Northeast Tarrant leads local home sale gains

Homes sales in Arlington dropped in the first quarter, but were up in Fort Worth and Northeast Tarrant County, according to the Texas Association of Realtors.
Homes sales in Arlington dropped in the first quarter, but were up in Fort Worth and Northeast Tarrant County, according to the Texas Association of Realtors. AP

First-quarter existing home sales rose 9.5 percent in Northeast Tarrant County but fell 6.1 percent in Arlington, according to the latest figures from the Texas Association of Realtors.

Sales from January to March also rose in Fort Worth, by 4.4 percent, slightly more than the statewide increase of 4.1 percent, the report shows.

“The first quarter of the year is typically a slow period for home buying and selling, so we were thrilled to see strong home sales gains statewide in the first part of 2015,” said Scott Kesner, chairman of the Texas Association of Realtors.

According to the first-quarter report:

▪ 57,818 homes were sold in Texas.

▪ In Arlington, 956 homes sold, with a median price of $163,500, up 8.7 percent.

▪ In Fort Worth, 2,402 homes sold, with a median price of $149,300, a 13.6 percent jump.

▪ In Northeast Tarrant County, 1,838 homes sold, with a median price of $208,500, a 12.4 percent rise.

The statewide inventory of homes for sale fell to an all-time low of 3.1 months, down 8.8 percent from a year ago, the report said.

Locally, inventories also fell significantly. Arlington’s inventory fell 27.7 percent, to 1.3 months’ supply. Fort Worth’s dropped 25 percent, to 2.1 months’ supply, and Northeast Tarrant’s decreased 17.6 percent, to 1.4 months’ supply.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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