Sanger
REAL ESTATE
Commentary: Savagely unhealthy housing market takes toll on Denton home sales
Stagflation has been a prevailing theme this summer with Denton’s housing market. Home sales within the city of Denton plummeted 26% year-over-year in June. After a fairly busy month in May, buyers hit the brakes again. Home sales across Denton County registered their lowest total for June in 11 years. Pending contracts in Denton were 21% lower than last year. That forward-looking indicator suggests a weak end to the summer selling season.
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