The Dallas-Fort Worth home market retreated in August, with pre-owned home purchases down from a year ago and prices growing at a slower rate.
Home sales in North Texas were down 1 percent last month from August 2017 levels.
In June, July and August — traditionally the hottest month for home sales — real estate agents sold slightly fewer houses than they did in summer 2017, according to the latest data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.
“I think in general there’s a slowdown, yes, but again not a collapse by any stretch,” said James Gaines, chief economist with the Real Estate Center. “Short supply is still a major headwind, demand is basically still good.”
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