DFW Home Sales Drop 27% in January - NBC 5 Dallas-Fort Worth

DFW Home Sales Drop 27% in January



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    A foreclosure home for sale is shown Tuesday, Aug. 22, 2006 in Spring, Texas. (AP Photo/David J. Phillip)

    Those crashing sounds you're hearing? It's the inevitable drop in DFW home sales due to the terrible economy.

    In January, pre-owned home sales dropped 27%, and condos sales dropped further -- 46% off from January 2007.

    Even if you could get someone to buy your home, it wouldn't be worth as much. North Texas Real Estate Information Systems and Texas A&M University’s Real Estate Center released stats that show a 6% drop in medium home sales prices, while condos dropped by 16%.

    The Dallas Morning News says about 10,000 homes joined the market last month, while only 3,399 homes were actually sold last month.