Asking Prices For Homes Hold Steady In North Texas
Homeowners were able to hold steady on the sales price they sought their property in North Texas in September, which put the area ahead of most in the country, according to research released Wednesday from Real IQ and Altos Research.
Asking prices for homes in Dallas-Fort Worth had no change in September from the previous month and increased 0.3 percent from three months ago, according to the figures.
The research found that listing prices in 21 of 26 metro areas surveyed declined from the previous month.
The inventory of homes in North Texas has fallen 3.8 percent in the past month and 9.2 percent in the past three months.
The homes are staying on the market longer. The average number of days a North Texas home stayed on the market in September was 96, an increase of 9.9 percent over the past three months. The figures show that 19 of the 26 metro areas average 100 days or more.
A composite index of 10 metro areas studied showed that asking prices dropped 1.4 percent in a month and 2.9 percent since July.
Las Vegas had the largest drop in asking prices, with a 3.5 percent decline in September. In the past year, asking prices there have fallen more than 30 percent.
Credits: Star Telegram
Tags: homeowners, homes, prices