Despite 19% September drop in pre-owned market, prices increase
Tuesday, October 9th, 2007North Texas home sales plunged in September.
The 19 percent drop in sales of pre-owned homes was the largest annual decline in more than seven years.
But even with the slide in sales, area home prices stayed positive – up 3 percent for the month.
Local real estate agents sold only 6,031 pre-owned homes last month, according to statistics released Monday by the North Texas Real Estate Information System.
That’s a big falloff from August’s 8,480 sales and the lowest monthly total since February.
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