Disappointing Sales In Dallas, "Price Adjustments"
The Dallas News has more information that shows the Dallas area is having problems. "North Texas real estate agents sold 6,814 pre-owned single-family homes in April; a decline of 7 percent from a year ago."
This blog got a lot of pointed questions recently when it was suggested they were building too many homes in big 'D'. "And there are more homes to sell. In April there were more than 43,000 houses on the market in North Texas, an increase of 4 percent from a year ago. At current sales rates, that amounts to more than a 7-month supply of homes."
Realtor Jennie Ling said, "There are some price adjustments being made. There are a lot of signs that say New Price."