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Dallas-Fort Worth housing market running hot

It's a seller's market in North Texas

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Home sales are slow through most of the country, but all real estate is local, and as locales go, it doesn't get better than Dallas.

(Disclosure: Dallas-Fort Worth is HousingWire's home port.)

According to North Texas Real Estate Information Systems, the median sales price of homes increased 4.8 percent in April from the prior year, to $180,713.

Prices are rising, but homes are selling more quickly. The average number of days on the market for a Dallas metro listing was 54 days, a 12 percent decrease from 2013.

CNBC's "Power House" spoke with Laura Barnett, a real estate agent withRe/Max DFW, to get her insight on trends in the Dallas housing market. "We have a shortage of inventory, so everyone's running after the same property," Barnett said.

Source: CNBC
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