Economy

North Texas sales of existing homes dropped in July, again

Sales of existing single-family homes in North Texas fell 7 percent in July from a year ago, but the median sales price rose 3 percent, monthly figures compiled by the Texas A&M Real Estate Center show.

In the more than two dozen counties that make up the region, 7,127 houses were sold last month. While less than a year earlier, that was up 5 percent from June, when 6,782 houses were sold.

The median sales price was $155,000 in July. Half the homes cost more than the median, and half cost less.

Some other highlights of the July monthly report:

The value of houses sold in July totaled $1.4 billion, which was down 11 percent from July 2008.

This year, 38,654 houses have been sold in the region, a 19 percent drop from the same period in 2008.

Sales totaled $7.2 billion this year, a 24 percent decrease from the same period of 2008.

Read the full story at star-telegram.com

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