Trends
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Sales slid 1% compared to August, the National Association of REALTORS® said.
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The median sales price of a Metroplex home was down 0.8% year over year, at $396,870.
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Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.
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October’s increase comes as inflation slows and mortgage rates decline.
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The Metroplex lagged only New York and Chicago, which saw 9,381 and 7,719 properties change hands, respectively.
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The median sales price also declined, sliding 0.3% year over year, from $404,300 to $403,040, according to the university’s Monthly MSA Spotlight.
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The priciest new listing in the Dallas-Fort Worth Metroplex is an $18,995,000 home listed by Amanda Gadison of Keller Williams Dallas Midtown.
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The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.
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Realtor was the most desirable job in 49 of the 50 states, the study found.
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The priciest new listing in the Lone Star State is an $18,995,000 estate in Caney, listed by Amanda Gadison of Keller Williams Dallas Midtown.
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The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.
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Prices were up 0.6% month over month and 2.3% year over year, according to First American Data & Analytics’ monthly Home Price Index report.
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Homebuying has just become more affordable for the first time since 2020, according to a new Redfin report.
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The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000.
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In its monthly report, HomesUSA said home prices were relatively flat during the same period.
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The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®.