North Texas home sales prices rose 14 percent in April from a year earlier. (Michael Hamtil/The Dallas Morning News)
North Texas? housing market took off in April with a 30 percent increase in sales.
The year-over-year gain in preowned single-family home purchases is the largest the area has since 1998.
And the 14 percent price gain from April 2012 is one of the largest such percentage increases on record for the area.
Real estate agents sold 8,288 houses in North Texas last month ? the largest monthly total since mid-2007 before the recession began, according to the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
While the number of houses for sale in the area was down by more than 20 percent from last spring, a bump up in new listings could mean that the imbalance between buyer demand and the record low number of homes on the market could ease in the months ahead.
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