DFW Market Statistics for December 2008 Year to Date

I have complied this spreadsheet to give you the latest statistics from the North Texas Real Estate Information System. These statistics cover the areas stated for December 2008 YTD. Some areas, such as E Dallas, are holding strong with 18% more sales than the previous year. Most average sales prices are holding steady with only 5 of the 16 cities listed showing a decline from the previous year. The rest have held strong or gone up as much as 7%, such as in Coppell. It is taking longer to sell a house in N. Texas, but not that much longer. For example, a home that took 81 days (the average Days on Market)to sell in Keller would have taken 21 days less the previous year, which works out to 3 weeks. This is much better than what some analyists portray to be months longer.

Homes are starting to hit the market again. Don't let the gloom and doom on the national news affect your decision to buy or sell in 2009! With the right team working for you, it can be done!