Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Dallas Home Prices Rise 1.7% According to NAR

Dallas Home Prices Rise 1.7% According to NAR

According to the latest information from NAR, the DFW area has had a 1.7% increase in sales prices over last year with the rest of the nation having a 1.5% DECLINE... Does the 1.7% increase give a true an honest look of what's going on in the area?  Maybe not...

Since the subprime market made their changes, it knocked a lot of lower-end home buyers out of the market.  With that, the under $150k price range has been harder to sell.  However, sales of the higher priced homes are holding steady and are fairly strong. 

Then, you take the higher priced homes and add those to the lesser sales in the lower prices, which used to be the bread and butter, and it creates an increase in sales prices (up to $156,500), though it's not a complete and true story.                                                                                               

Overall, in Texas, not just DFW, sales were down 1.3% in the second quarter.  When you compare that to the rest of the country, they were down on average of 10.8%.  What a huge difference!  No wonder we're still getting so many people relocating here.

Remember, I work all of North Dallas County and Collin County including Richardson, Plano, Allen, Frisco, Carrollton, Garland, Rowlett, McKinney, etc... my car will take us anywhere you need to go!! 

 ARE YOU PACKED YET?!

Comment balloon 4 commentsDonna Harris • August 15 2007 03:10PM

Comments

It sure is funny how sometimes published stats are twisted to show things a certain way, when in truth, they may be just the opposite. It's nice to see your honesty posted here for the consumers to see. Keep up the great work!
Posted by Ryan Hukill - Edmond, Realtor, Team Lead (ShowMeOKC Real Estate Pros of KW Elite) almost 11 years ago
Thank you, Ryan.  I always try to give the big picture.  Many people are scared by my bluntness, but there is no point in cherry-coating things when the truth gets things gone quicker.
Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) almost 11 years ago
Good thing we are in this part of the country and not some where else....they seem to have it much worse than us!  Great way to get the word out!
Posted by Jeannette Morrison, Central Texas Real Estate, NW Austin, Round Rock (Cedar Park,Leander,Georgetown & Lake Travis Areas.) almost 11 years ago
Jeannette, the numbers for Austin were much better than DFW.  It was somewhere around 3%.
Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) almost 11 years ago

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