The weather outside has been frightful since the new year — but frightful enough to keep potential homebuyers away? Perhaps.
North Texas home sales were down 1 percent last month from a year earlier, marking the first drop in year-over-year preowned home sales since early 2010. The 4,682 preowned single-family homes sold by real estate agents in January was the smallest number of monthly sales in North Texas in almost two years.
Some real estate analysts and agents blame the decline on foul weather. But there’s also the lack of inventory.
January had a record low 2.6-month supply of single-family homes offered for sale by real estate agents in North Texas, roughly half the home inventory that the more than 50-county area had in early 2012.
Source: Dallas Morning News