Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Dallas Real Estate - 5% Appreciation

Dallas Real Estate - 5% Appreciation

With the latest statistics coming out, it looks as though the North Texas area has actually seen some apprciation instead of just being "flat" as most people would say it's been. Compared to the same period of 2005, the first half of 2006 showed 5% appreciation!  Granted, we still have around 44,000 active listings on the market, but average sales prices are about 97-98% of asking prices.  I wouldn't say it's a buyer's market, but it's not a seller's market either.

Housing bubble? What bubble? No one can get rich in Dallas with only 5% appreciation. Would we like higher appreciation? Of course!! But, I don't think it'll happen any time soon until we can see average salaries increase. If houses increase but salaries remain the same, who can afford those houses as they go up and up?

Here's the full article on www.Dallasnews.com:
Comment balloon 2 commentsDonna Harris • July 21 2006 11:13AM

Comments

My brother-in-law lives in Dallas and he thinks the values are higher, but then most owners can have an inflated view..it is human nature to think yours is worth more. 
Posted by Teri Isner, GRI, CRS, CIPS (Keller Williams Realty at the Lakes) about 12 years ago
That's why the FSBOs are listed so far overpriced, on average, in the Dallas area.  As I said, houses are selling about 97-98%, so when hooked up with an agent, the sellers are pricing correctly.
Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) about 12 years ago

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