Sales were down by 33% in October mirroring the overall decline in the Dallas/ Ft. Worth. The average sales price was up by 1% while the median sales price was down by 3%. The number of new listings dropped by 6% but the number of active listings remain very high with a 79% increase. There is currently a 5.9 months supply on the market. Pending sales continue to decline and were off by 27%. A lot of potential buyers are sitting on the sidelines but let me give you 2 reasons to buy now: Interest rates are at historically low levels but they can not stay here forever. At some point probably sooner than later, rates will start to rise. If you get a fixed rate loan now, you will probably realize that you got a great deal in a couple of years as your friends try to buy homes in a higher inte...
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