Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Dallas/Ft Worth Year to Date Activity through November

Dallas/Ft Worth Year to Date Activity through November

According to Metrotex and our North Texas(NTREIS), sales are down but prices are up.  I'll reiterate the same theory I have in the past about how these numbers are skewed a little.  With the change of the subprime market, and making it a little more difficult for people with imperfect credit to get loans, sales have changed. 

The main group this has affected is the group in the lower price range.  They already don't have much income and, on average, create more debt for themselves, they're the ones not able to buy homes right now.  With this group buying a less amount of homes, that makes room for the median sales price to inch up along with the average sales prices.  This is also why the number of sales has decreased with the averages going up.

Number of Sales: 74,918
% change a year ago: -7%

Median Price: $150,000
% change a year ago: +1%

Average Price: $202,461
% change a year ago: +4%

Active Listings: 47,874
% change a year ago: +7%

What does your market look like?

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 3 commentsDonna Harris • December 20 2007 08:14AM

Comments

Thanks for sharing.  You can find our market report at www.flaglerresident.com/marketupdate.  It's good to see the median selling price slightly up in your area.  Some markets can not say that at this time espcially ones that saw rapid growth over the last few years.  Best wishes for 2008!

Posted by Kathleen West, Flagler County & Palm Coast Realtor (Trademark Realty Group of Palm Coast) over 12 years ago
Well, it looks like your sale price is going up and a great time to buy with lots of inventory to choose from.
Posted by Missy Caulk, Savvy Realtor - Ann Arbor Real Estate (Missy Caulk TEAM) over 12 years ago

Kathy, THanks for stopping by!  It's always good to be stable and steady rather than drastic ups and downs.

Missy, Great time to buy!  Just closed one this morning with sales price of $162k, rate of 6%, and total payment with taxes and insurance at $1400 a month!  That's awesome when payments are below the 1% rule of thumb guestimate!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 12 years ago

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