Texas Home Sales Rise 14 Percent!

By STEVE BROWN / The Dallas Morning News

Second-quarter Texas home sales rose for the third period in a row compared to year-earlier transactions, the Texas Association of Realtors said Monday.

Existing single-family home sales were up 14 percent from second quarter 2009.

Sales increased 12.38 percent in Dallas, 14.9 percent in Fort Worth, 20.32 percent in Irving and 20.77 percent in Garland, according to the quarterly report. Sales also rose by 11.01 percent in Collin County and 18.45 percent in Denton County.

The Realtors attributed the increase to an improving economy in the state and a jump in homebuying caused by federal tax credits, which expired in April.

”We’re encouraged to see continued strength in Texas’ real estate market as 2010 marches forward,” Texas Association of Realtors chairman Bill Jones said in the report.

Statewide median home sales prices were virtually unchanged at $149,200.

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