Are home prices up or down? It probably depends on who you are asking. On the surface, Denton’s housing market continued its spring bounce in April. A closer look shows appearances can be deceiving.
Home sales in the city of Denton were down 4% from the same time a year ago. Pending contracts were 5% lower than a year ago. The prevailing market conditions throughout Denton County show a market still trying to adjust to higher mortgage interest rates and shrinking financial system liquidity.
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Courtesy graphic/Aaron Layman
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