Rockwall, Denton counties led in August home sales gains

Ellis and Tarrant counties had the largest gains in median home sales prices.

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North Texas home sales were up 5% in August from a year ago but some counties did better.(Smiley N. Pool / Staff Photographer)

Rockwall and Denton counties were the big winners in the August home market.

The two counties had the biggest jump in home sales in the D-FW area.

Rockwall home sales were almost 17% higher than in August 2018. And in Denton County sales were up 12.6%, the MetroTex Association of Realtors reports.

Overall, the number of single-family homes sold last month in North Texas was 5% higher than a year earlier, according to data from local real estate agents.

Home sales in August were down 4.2% from a year ago in Kaufman County and fell by 0.3% in Dallas County.Β Tarrant County sales were up a scant 0.5%.

Area-wide median sales prices rose 4% from August 2018.

Sales prices soared 13.9% year-over-year in Ellis County, and median sales prices were 6.3% higher in Tarrant County.

Kaufman County had a 28.3% jump in the inventory of homes listed for sale with real estate agents β€” the largest gain of any D-FW county, according to the MetroTex Realtors.

Lower mortgage rates in the last few months have caused a rise in home sales in most areas of North Texas. But a lack of inventory is holding back purchases from where they would likely be if more homes were available for purchase.

See the full Dallas News article

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6:40 AM on Sep 18, 2019

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