Despite continued interested from builders in the Dallas market, the Dallas Morning News' Steve Brown is reporting that home sales in the area have dropped 2% year over year.
It was the first year-over-year dip in pre-owned home sales in almost two years.
And pending sales for August indicate another slight drop in sales may be in the works.
Despite that, prices continue to rise.
The median price of single-family homes sold by North Texas real estate agents was up 9 percent from July 2015, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.