Higher mortgage rates are only somewhat tempering D-FW’s spring home selling season

Homes sold after an average 52 days on the market. A year ago, the average was just 20 days.that have caused mortgage rates to soar.The median home price sunk 5% from April 2022 to $404,450, but it is still up dramatically from before the pandemic – by more than $120,000. In March 2020, the median price was $282,950.

Home sales increased in the Dallas-Plano-Irving metro division but decreased in Fort Worth-Arlington. On the county level, Collin County home prices remained the highest but saw the biggest decline of the major North Texas counties. Sales declined the most in Dallas County.

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