A “for sale” sign is displayed outside of a house in Carrollton. Real estate agents sold 6,246 single-family homes in the metro area last month, a year-over-year decline of 29%Dallas-Fort Worth home prices were down 10% in December from June’s peak as affordability challenges kept selling activity slow.
With the lower demand for homes, the number of active listings was up 160% in December from a year before with 16,607 homes on the market. In the Fort Worth-Arlington area, 2,192 homes sold, a decline of 31%. The median price there was $360,000, up 6%. The average rate of 6.5% for a 30-year fixed-rate mortgage as of Jan. 5 is down slightly from the 7%-plus rates seen in November, according to Freddie Mac estimates. But rates are still significantly up from a year ago when the average was 3.2%.
Who would willing move to Texas?