North Texas Home Inventory at 12 Year Low

North Texas Home Inventory at 12 Year LowA surge in November home sales has dropped the inventory of houses on the market in North Texas to the lowest level in more than a decade.

Area real estate agents last month sold 5,709 pre-owned single-family homes through their multiple listing service, up 18 percent from November 2011.

With the latest increase, home sales are up 17 percent for the first 11 months of 2012 compared with the same period last year.

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