Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Dallas Real Estate- Sales Down in September

Dallas Real Estate- Sales Down in September

Sales are down in North Texas and inventory is up.  We still have less than a 6 month supply, so it's still not technically a Buyer's Market like some would think.  However, many buyers are waiting to buy thinking they'll get that massive deal overnight.  Most Buyers are listening to National news which is typically quite different that our local news since the report came out a couple of months ago showing we're 18% undervalued compared to the rest of the country.  Still, people like to sit and wait.

Median sales price dropped 3%, a  decrease for the first time since September 2004.  September is typically one of my slowest months, but this was the busiest September I had ever had, with 4 closings.  November and December are typically my busy months, and I'm hoping to keep that tradition.

 

SEPTEMBER HOME RESALES
Year-over-year change in area pre-owned home sales and prices:
Category Homes Change Condos Change
Sold 6,622 -15% 431 -7%
Median price $143,150 -3% $115,250 +2%
Average days on market 69 -3% 78 -8%
Pending sales 7,747 +5% 455 -2%
For sale 46,966 +13% 3,887 +12%
SOURCES: Texas A&M University Real Estate Center; North Texas Real Estate Information System
Comment balloon 3 commentsDonna Harris • October 10 2006 07:42AM

Comments

Dallas - Denver, not much difference you have more homes at a lesser price.

We have work to do...sell those listings!

Posted by Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022 (The Berkshire Group Realtors) almost 12 years ago
I'm selling!!!  Last year, my average sales price was $159k.  This year, thus far, I'm at $213k!!  That's a huge jump for me!
Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) almost 12 years ago
Donna stop by this post and give post a link to your market update. Trying to get as many listed as possible so we can have a good national snapshot.
Posted by Ken Smith (Suburban House Hunters) almost 12 years ago

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