Existing home sales in North Texas are up for the eighth straight month.
According to statistics from the Real Estate Center and the North Texas Real Estate Information Systems, North Texas had an 18 percent increase in pre-owned home sales for the month of August.
The 7,986 single-family home sales represent the largest number of single-month sales since before the recession.
Median sales prices also rose in August, up 8 percent over the same month last year.
Further, the 4.5-month supply of available homes in the area is the shortest inventory in over a decade.
Source: Dallas Morning News