DFW Real Estate Market Update - August 2008
September 16th, 2008 by Steve Doane | 5 responses
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Each month, NTREIS (North Texas Real Estate Information Systems) and The Real Estate Center at Texas A&M University publish a report with updated real estate data. In April, their report for sales of Single Family Homes were down as an average for the entire North Texas market. Overall, Single Family Home sales were down 11%, Dollar Volume down 12% and Pending Sales down 26%. New listings were down 17% with active listings of Single Family Homes at 45,224. We also know that many buyers are now slower to make buying decisions. Therefore, it is important to note that reduced listings and inventory helps to keep the market balanced and prices relatively stable.
NTREIS MLS Area Housing Activity Report
Compiled for North Texas Real Estate Information System
Sales Closed by Area for: August 2008
Single Family
|
Area |
Sales |
% Change |
Dollar |
% Change |
Average |
% Change |
Median |
% Change |
||||
|
|
20 |
316 |
-12% |
$95,671,844 |
3% |
$302,759 |
18% |
$236,900 |
12% |
|||
|
|
51 |
125 |
-2% |
$32,721,375 |
12% |
$261,771 |
14% |
$211,150 |
17% |
|||
|
|
53 |
169 |
-27% |
$39,499,863 |
-26% |
$233,727 |
1% |
$192,000 |
7% |
|||
|
|
55 |
263 |
-8% |
$79,671,116 |
-6% |
$302,932 |
2% |
$240,000 |
-2% |
|||
|
|
59 |
20 |
-9% |
$6,784,280 |
5% |
$339,214 |
15% |
$280,650 |
38% |
|||
· Area 20 – Plano
· Area 51 – Allen
· Area 53 – McKinney
· Area 55 – Frisco
· Area 59 – Prosper
Above, is an update on the specific areas listed. CLICK HERE for a view of the entire NTREIS Housing Activity Report as published by the Real Estate Center at Texas A&M University. For more specific information or advice, contact The Doane Realty Group at Century 21 Judge Fite Company, Steve Doane at 214-755-3378 or Mary Doane at 214-755-4501 or email at stevedoane@judgefite.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, September 16th, 2008 at 3:25 pm and is filed under Allen Texas, Frisco Texas, Market Trends, McKinney Texas, Plano Texas, Prosper Texas, 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.
May 14th, 2008 at 7:10 pm
Steve, it is refreshing to read something that doesn’t describe our market here in the Dallas area as being in the same shape as some of the other larger markets across the country. I look forward to seeing future posts. Thanks, Tom
June 16th, 2008 at 9:20 pm
[...] Steve Doane , an experienced North Texas area REALTOR® with CENTURY 21 Judge Fite Company, repost in his artcicle (DFW Real Estate Market Update - April 2008) that housing sales in April, 2008 are only down 11 or twelve percent! [...]
September 18th, 2008 at 2:37 am
Hi
Hmm… I see that I understand nothing about topic
October 16th, 2008 at 9:55 pm
I like that you are using facts and figures and not general statements.
October 29th, 2008 at 9:00 pm
[...] Steve Doane , an experienced North Texas area REALTOR® with CENTURY 21 Judge Fite Company, repost in his artcicle (DFW Real Estate Market Update - April 2008) that housing sales in April, 2008 are only down 11 or 12 percent! [...]