In August, 8,480 existing houses were sold in North Texas’ 29-county area, down 10 percent from a year earlier, according to the report from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information System (NTREIS).

For the first eight months of the year, 61,746 homes were sold, down 6 percent from a year ago.

Houses are staying on the market an average of 69 days, up 3 percent from last year, according to NTREIS.

Despite the drop in home sales, the median price continues to increase. It was up 4 percent to $156,000 in August, compared with $150,000 a year earlier.

Source: Star-Telegram