Monday, March 10, 2008

Dallas County Sales Stats

Dallas County Sales Stats

January 1st, 2007 to March 10th, 2007

Sold: 3,789
Avg. DOM: 75
Avg. SF: 2,011
Avg. Sales Price: $208,099
Total Volume: $788,485,505

January 1st, 2008 to March 10th, 2008
(% Change)

Sold: 2,863 (-25%)
Avg. DOM: 85 (+12%)
Avg. SF: 1,984 (-1.5%)
Avg. Sales Price: $194,344 (-7%)
Total Volume: $556,407,923 ( -30%) *Many sales are not reported until months after they take place so this number will most likely increase over time.

I wish I had better numbers to report. But what does this mean for you? Nothing until you look at your specific neighborhood sales stats. Many older and established neighborhoods near downtown Dallas are experiencing price increases while many newer developments in the outlying areas within Dallas county are experiencing losses. Talk to your neighborhood Realtor before you go spreading that doom and gloom gossip.

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