Homebuyers in the Metroplex opted for more affordable homes in April, according to the latest data from the MetroTex Association of REALTORS®.
The median home price decreased 1.2% year over year to $400,000. Meanwhile, homes priced between $300,000 and $399,999 made up the highest market share at 27.8%.
Active listings jumped during the month as closings decreased. Active listings rose 39.5% year over year, with 32,831 homes on the market in April, while closings fell 4.7%, with 8,130 sales.
Given the rate of sales, the Metroplex had a 4.3-month housing supply. That’s an inventory typical of a balanced housing market, where neither buyers or sellers have the advantage.