North Texas existing home sales continued to gain momentum in February, increasing by 14 percent from a year ago, according to the latest report from the Texas AM Real Estate Center.
The high number of sales suggests a recovering housing market here. But homes are also selling faster because there’s less inventory to choose from, the report shows. Last month, 5,325 homes were sold in the 29-county North Texas region. The median price was $155,000, an 8 percent increase from a year ago, likely the result of fewer homes being listed for sale. Locally, sales were particularly strong in central west Arlington, Kennedale and with condo sales in downtown Fort Worth. Homes are selling, on average, within 74 days of being listed, a 20 percent decrease in the number of days in February 2012. Currently, 21,911 homes are listed for sale, 21 percent less than a year ago, the report said. The number of new listings remained flat, the report said. For the first two months, home sales remained 17 percent ahead of the same time period of 2012. The Real Estate Center compiles its data from the Realtor-supported Multiple Listing Service. Sandra Baker, (817) 390-7727 Twitter: @SandraBakerFWST Source: Texas AM Real Estate Center% ch. yr ago
Median price
% ch. yr ago 82 NE Arlington 17 42% $155,000 -16% 83 Central West Arlington 37 118% $137,600 30% 84 Central East Arlington 11 10% $51,500 21% 85 Arlington, Dalworthington Gardens, Pantego 37 61% $128,000 0% 86 SE Arlington 21 75% $65,900 22% 87 Far SW Arlington 52 37% $143,000 -1% 88 Far SE Arlington 67 10% $114,500 9% 89 Mansfield 80 43% $190,650 16% 90 Kennedale 7 133% $224,750 -5% 101 Downtown FW 4 100% $139,750 -42% 102 Saginaw, north FW 99 16% $133,000 11% 104 East FW 49 17% $81,950 17% 105 Southeast FW (Rosedale) 14 40% $20,000 -27% 106 South FW, Everman, Forest Hill 11 -45% $38,200 -27% 107 Central west and southwest FW (TCU) 38 3% $184,700 -5% 108 Central west FW 63 34% $240,000 -4% 109 Northwest FW, River Oaks Azle 78 -7% $133,450 21% 111 South FW (south of I-20), Crowley 129 30% $112,500 -4% 112 Far west FW, Benbrook, White Settlement 70 9% $137,500 16% 120 Bedford 39 22% $182,000 19% 121 Euless 27 59% $156,950 24% 122 Hurst 42 11% $150,000 2% 123 Colleyville 21 -22% $430,000 -7% 124 Grapevine 38 12% $255,450 19% 125 Southlake 27 35% $550,750 21% 126 Keller 44 -6% $337,450 29% 127 N. Richland Hills, Richland Hills 52 2% $170,000 31% 128 Watauga 22 22% $95,500 -8% 129 Haltom City, Riverside 18 6% $78,700 75% 130 FW Summerfields, Park Glen 147 25% $158,740 9% 131 Roanoke 4 -60% $123,250 -11% 132 Trophy Club, Westlake 16 -41% $302,500 -18%