2009 data shows Dallas ahead for December, down for year

February 2, 2010

December home sales in 2009 outperformed those in Dallas’s 2008 real estate market.  There were 3344 homes sold, which was a 2 percent increase from last December’s 3292.  This is still does not bring the market in line with its 2007 performance, which saw 3803 homes sold in December.

Year Month Homes Sold 1 year % Change 2 year % Change Mean Price 1 year % Change Median Price 1 year % Change Active Listing 1 year % Change Months in Inventory
2007 Dec 3,803 214,100 153,700 27,649 7.27
2008 Jan 3,210 -0.11 196,300 -0.03 146,100 -0.02 28,933 0.02 9.013
2008 Feb 3,869 -0.09 199,800 -0.01 147,400 -0.04 29,206 0 7.548
2008 Mar 4,495 -0.21 214,200 -0.01 159,600 0.01 30,124 -0.04 6.701
2008 Apr 4,764 -0.09 215,900 -0.03 157,600 -0.04 30,471 -0.07 6.396
2008 May 5,198 -0.15 220,200 -0.02 162,100 -0.01 30,340 -0.09 5.836
2008 Jun 5,180 -0.17 219,000 -0.05 164,400 -0.03 30,340 -0.1 5.857
2008 Jul 5,125 -0.16 220,500 0.01 163,500 0 29,724 -0.11 5.799
2008 Aug 4,912 -0.19 216,200 -0.04 159,300 -0.04 28,367 -0.14 5.775
2008 Sep 4,293 0.06 203,900 -0.02 150,100 -0.05 27,406 -0.17 6.383
2008 Oct 3,709 -0.16 208,200 0.01 154,300 0.01 26,563 -0.17 7.161
2008 Nov 2,801 -0.32 199,000 -0.08 144,000 -0.07 26,573 -0.13 9.486
2008 Dec 3,292 -0.13 201,700 -0.06 147,600 -0.04 24,321 -0.12 7.387
2009 Jan 2,342 -0.27 -0.35 177,800 -0.09 138,300 -0.05 25,070 -0.13 10.704
2009 Feb 2,979 -0.23 -0.3 189,500 -0.05 147,200 0 25,641 -0.12 8.607
2009 Mar 3,631 -0.19 -0.37 191,200 -0.11 147,900 -0.07 26,346 -0.13 7.255
2009 Apr 3,688 -0.23 -0.3 192,200 -0.11 149,200 -0.05 26,782 -0.12 7.261
2009 May 4,113 -0.21 -0.32 206,700 -0.06 164,300 0.01 26,918 -0.11 6.544
2009 Jun 4,682 -0.1 -0.25 213,600 -0.02 166,700 0.01 24,677 -0.19 5.27
2009 Jul 4,853 -0.05 -0.21 206,600 -0.06 163,500 0 24,387 -0.18 5.025
2009 Aug 4,178 -0.15 -0.31 208,600 -0.04 159,700 0 23,827 -0.16 5.702
2009 Sep 4,011 -0.07 -0.01 200,500 -0.02 155,800 0.04 22,979 -0.16 5.728
2009 Oct 4,090 0.1 -0.07 194,900 -0.06 153,000 -0.01 22,128 -0.17 5.41
2009 Nov 3,633 0.3 -0.12 197,800 -0.01 151,600 0.05 21,552 -0.19 5.932
2009 Dec 3,344 0.02 -0.12 206,500 0.02 152,300 0.03 20,260 -0.17 6.058
Year Month House Sales 1 Yr Change 2 Yr Change Average Home Price % Price Change Median Home Price % 1 Yr Change Active Listings % 1 Yr Change Months of Inventory

The prices for December out performed their 2008 counterparts, but barely.  The average home price was $206,500, which was 2 percent higher than the $201,700 price in 2008.  This was also the highest price seen in the area since August 2009.  The median home price was $152,300, which was 3 percent higher than last December.  An average price higher than the median implies there are some high priced outliers dragging up the mean.  An analysis on home prices will follow.

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