Collin County Housing Market Trends - April 2008
May 27th, 2008 by Steve Doane | no responses
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A recent report published by the Office of Federal Housing Enterprise Oversight (OFHEO) on May 22, 2008 reported that while the decline of house prices in most of the country accelerated in the first quarter, the Dallas area increased 3.76% from the same period of 2007.
“The large overhang of real estate inventory awaiting sale continues to force price declines in many areas.” But in the DFW area, housing inventories have declined slightly from a year ago, which has reduced downward pressure on prices. Dr. James Gaines, an economist with Texas A&M University’s Real Estate Center, said “falling inventory is a major plus” for the Dallas-Fort Worth market.
Click on the following links to view statistics by individual areas as reported by The Collin County Association of REALTORS®:
Collin County Monthly Indicators - April 2008
SE Denton County Housing Trends
Four-Quarter Price Change by State
For more information regarding the Dallas area housing markets and for a FREE consultation if you are considering buying or selling real estate, contact Steve Doane at 214-755-3378 or steve@stevedoane.com.
The Author: Steve Doane
About: Steve and Mary Doane are experienced North Texas area REALTORS® with The Doane Realty Group of CENTURY 21 Judge Fite Company, having 21 offices in the Dallas area to serve clients. Steve and Mary believe deeply in hard work and dedication to their clients is top priority. It is these qualities that they believe that pave the way for providing the absolute best in client care. Steve is proud to have earned the distinguished 2007 “Quality Service” Award, based upon his service ratings from his satisfied clients. There knowledge comes from constant education, personal real estate investment experience, and a willingness to stay on top of an ever-changing market.
This entry was posted by Steve Doane, on Tuesday, May 27th, 2008 at 5:20 pm and is filed under Market Trends, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
