Rise In Inventory Boosts Home Sales
More home inventory helped push North Texas home sales into positive territory in April. North Texas saw a 5.5 percent increase in home sales compared to last year while Denton County experienced a 7.3 percent bump in closed transactions. The additional transaction activity was fueled by a 37 percent rise in available home inventory compared to last year. Inventory has been growing steadily for most of the year as 7 percent interest rates and a slowing economy worked to curtail demand in the housing market. Denton County now has 2.7 months of available home inventory. [...]
