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by CareyBot

More real estate cooling hit the Dallas/Fort Worth metro area in December, as single-family home sales and prices continued to fall from their 2005 levels, according to preliminary statistics provided by North Texas Real Estate Information Systems. There were 6,333 single-family home sales last month, down 5 percent from approximately 6,665 sales a year earlier. December's decline marked the seventh straight month that sales have fallen behind their 2005 levels. The area's median home price last month of $146,400 was 2 percent below the median reported a year ago. Although some 9,062 new single-family listings came on the market in December -- up 7 percent from the same month in 2005 -- the figure was down from 10,384 new listings in November and 13,258 in October, which may suggest ...