More North Texas Homes Are Selling at a Discount

NBC 5 News

With more houses on the market, fewer North Texas home sellers getting their original asking price.

Home price increases in the Dallas-Fort Worth area have slowed to a trickle in recent months. And real estate agents report that more properties are seeing price reductions to land a sale.

Now a new report from residential sales firm Knock says that almost 65% of homes sold in DFW during the second quarter went at a discount from the original asking price. The number of properties selling at a reduced rate was up almost 9% from a year ago.

Read more from our media partner The Dallas Morning News.

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