as they did 12 months ago, and the number of sales continues in a steep decline.
Home sale prices appear to be stabilizing and are up"only" 4.2% over last year -- the smallest year-over-year increase over the last 12 months. The median sale price was $375,000 in January vs. $360,000 in January 2022.On a monthly basis, the price dropped 2.6%, from $385,000 in December. Prices in DFW peaked in May, according to the Re/Max data.
DFW ranks fourth in the U.S. for the largest decrease in close-to-list price ratio, according to the Re/Max report. The close-to list price ratio was 97% in January. That compares to 101% a year ago, meaning the median house in DFW was selling for more than the asking price at that time.
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