Monday, March 10, 2008

In Dallas-Fort Worth market, no flood of homes for sale

Unlike many other areas of the country, the North Texas home market hasn't seen a flood of properties for sale in recent months.

In February, the number of homes offered through the Realtors' multiple listing services dropped 1 percent from a year ago. And the number of listings added to inventory last month was down 7 percent from last year, the North Texas Real Estate Information Service reported Friday.

"That tells you we are getting the properties in and selling them – it's very good news," said Mary Frances Burleson, president of Dallas' Ebby Halliday Realtors. "In comparison to the rest of the country, our market is very healthy."