North Texas home sales rebound in April after declines in the first quarter.
More than 9,600 single-family homes were sold by local real estate agents — 5% more than in April 2018.
The increase in area home purchases last month followed several months of weakening sales due to affordability issues and upticks in mortgage costs.
April’s year-over-year sales gain wasn’t enough to make up for weaker homebuying earlier in the year. So far in 2019, North Texas real estate agents have sold 30,567 houses, 1% less than in the first four months of 2018, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
Steve Brown, Real Estate Editor