Business

North Texas home sales stay strong in April

Sales of existing homes in North Texas bounced along enough in April to keep year-to-date numbers up 4 percent from last year.

In April, 8,232 homes were sold in the 29-county region, up 7 percent from a year ago, according to the Real Estate Center at Texas A&M University. The center compiles sale and home price numbers recorded by real estate agents on the proprietary multiple listing service.

For the first four months of 2015, 26,039 homes were sold, 4 percent more than during the same period a year ago. Sales were flat in January and February but surged 12 percent in March.

In Tarrant County, sales rose 41 percent in the Saginaw/north Fort Worth area, and 54 percent in Trophy Club/Westlake.

The median sale price in April was $207,000, up 14 percent from April 2014, the report shows. For the first four months, it was $195,000, up 11 percent.

A low inventory of homes for sale is contributing to the tight market and driving prices higher. In April, 17,436 homes were listed for sale in North Texas, down 15 percent from April 2014 and remaining flat from March.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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