April 8, 2010
Dallas-Fort Worth home sales rise 11 percent
North Texas home sales roared back in March, ending a three-month string of declines. And even more encouraging, median home sales prices increased by 6 percent from a year ago.
North Texas home sales roared back in March, ending a three-month string of declines. And even more encouraging, median home sales prices increased by 6 percent from a year ago.
Betting on a market rebound, Dallas-Fort Worth homebuilders started almost 60 percent more houses in the first quarter than a year earlier. It marked the largest annual increase in single-family home starts since 1983, housing analyst Metro-study Inc. said Monday.
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Dallas-area home prices posted solid gains in the latest measure of the country's housing market – further proof that the local residential sector is stabilizing. Dallas' home prices were up 3 percent in December from a year earlier in the monthly Standard & Poor's/Case-Shiller Home Price Index released Tuesday.
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