Posted March 16, 2012 by Rogers Healy

Number of houses for sale at a 10-year low in North Texas

The overall number of pre-owned houses for sale in North Texas is a the lowest level in more than a decade. Inventory is way down and even homes that have been on the market for over 200 days are getting more showings. For this reason there are fewer bargain buys on the market. Many neighborhoods have less than a four-month supply of single-family homes listed for sale with agents. Nationally, the supply is 6.1 months. Even in the Park Cities, where high prices usually mean longer sales times, there's only about a five-month supply of houses for sale.

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