Dallas-Fort Worth new-home sales bounce back in April

by Emily Marek

The state of new-home sales, featuring data from HomesUSA.com.

Dallas-Fort Worth new-home sales increased month over month in April, bouncing back from a sluggish start to the spring homebuying season in March, according to the latest data from HomesUSA.com.

Buyers purchased 1,947 new homes during the month, up from 1,724 new homes the month prior. The average new-home price was increased from $458,441 in March to $466,362 in April.

Pending sales also increased, with 2,704 new homes going under contract, up from 2,588 in March.

“April brought Dallas-Fort Worth a much-needed rebound for new-home and pending sales … in line with spring’s cyclical expectations,” HomesUSA.com CEO Ben Caballero said in a press release. “Houston builders are seeing improved buyer activity, but the market is still working through higher inventory and longer selling times. The good news is that demand is moving in the right direction.”

Active listings declined slightly, with 8,099 total new homes on the market in April. Statewide, new-home inventory increased on a monthly basis.

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