Dallas sees sixth month of increase in home sales
September 9, 2009
Dallas home sales have steadily risen since January 2009. Although July 2009 is down 6 percent to 4815 sales from July 2008, it is still the sixth month in a row with an increase in home sales. July is also down 21 percent from its 2007 counterpart in which 6111 homes were sold.
| 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 |
| 2007 | Jan | 3,626 | 201,800 | 149,300 | 28,328 | 7.812 | |||||
| 2007 | Feb | 4,248 | 202,800 | 153,500 | 29,121 | 6.855 | |||||
| 2007 | Mar | 5,726 | 215,700 | 158,200 | 31,281 | 5.462 | |||||
| 2007 | Apr | 5,252 | 221,900 | 164,100 | 32,787 | 6.242 | |||||
| 2007 | May | 6,092 | 225,000 | 163,000 | 33,283 | 5.463 | |||||
| 2007 | Jun | 6,207 | 230,700 | 169,100 | 33,624 | 5.417 | |||||
| 2007 | Jul | 6,111 | 217,800 | 163,700 | 33,414 | 5.467 | |||||
| 2007 | Aug | 6,041 | 224,100 | 165,700 | 32,915 | 5.448 | |||||
| 2007 | Sep | 4,069 | 208,200 | 157,500 | 32,907 | 8.087 | |||||
| 2007 | Oct | 4,396 | 205,600 | 153,500 | 32,079 | 7.297 | |||||
| 2007 | Nov | 4,124 | 215,500 | 155,400 | 30,563 | 7.411 | |||||
| 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 | 4,911 | -0.19 | 216,200 | -0.04 | 159,400 | -0.04 | 28,367 | -0.14 | 5.776 | |
| 2008 | Sep | 4,293 | 0.06 | 203,900 | -0.02 | 150,100 | -0.05 | 27,406 | -0.17 | 6.383 | |
| 2008 | Oct | 3,706 | -0.16 | 208,300 | 0.01 | 154,400 | 0.01 | 26,563 | -0.17 | 7.167 | |
| 2008 | Nov | 2,800 | -0.32 | 199,100 | -0.08 | 144,100 | -0.07 | 26,573 | -0.13 | 9.49 | |
| 2008 | Dec | 3,286 | -0.14 | 201,900 | -0.06 | 147,700 | -0.04 | 24,321 | -0.12 | 7.401 | |
| 2009 | Jan | 2,336 | -0.27 | -0.36 | 177,700 | -0.09 | 138,300 | -0.05 | 25,070 | -0.13 | 10.732 |
| 2009 | Feb | 2,970 | -0.23 | -0.3 | 189,300 | -0.05 | 147,000 | 0 | 25,641 | -0.12 | 8.633 |
| 2009 | Mar | 3,614 | -0.2 | -0.37 | 191,100 | -0.11 | 147,900 | -0.07 | 26,346 | -0.13 | 7.289 |
| 2009 | Apr | 3,668 | -0.23 | -0.3 | 192,300 | -0.11 | 149,200 | -0.05 | 26,782 | -0.12 | 7.301 |
| 2009 | May | 4,074 | -0.22 | -0.33 | 206,300 | -0.06 | 163,700 | 0.01 | 26,918 | -0.11 | 6.607 |
| 2009 | Jun | 4,558 | -0.12 | -0.27 | 213,500 | -0.03 | 166,400 | 0.01 | 24,677 | -0.19 | 5.413 |
| 2009 | Jul | 4,815 | -0.06 | -0.21 | 209,700 | -0.05 | 164,800 | 0.01 | 24,387 | -0.18 | 5.064 |
The average home price for Dallas in July was $209,700. July had the first drop in average price since January 2009. It is also a drop from July 2008, which had an average price of $220,500. July’s median price was $164,800, which is an increase of one percent from July 2008, but also the first decrease seen since January 2009. Average and median home prices had been increasing steadily for five months.
Little relief for June 2009 Dallas real estate market
July 31, 2009
There were 4,562 homes sold in Dallas during June 2009. June had better sales than May 2009; however, there were 12 percent less sales than Dallas posted in June 2008 when 5,180 homes were sold. The numbers are 27 percent lower than June 2007, when 6,207 homes were sold in the city.
| 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 |
| 2007 | Jan | 3,626 | 201,800 | 149,300 | 28,328 | 7.812 | |||||
| 2007 | Feb | 4,248 | 202,800 | 153,500 | 29,121 | 6.855 | |||||
| 2007 | Mar | 5,726 | 215,700 | 158,200 | 31,281 | 5.462 | |||||
| 2007 | Apr | 5,252 | 221,900 | 164,100 | 32,787 | 6.242 | |||||
| 2007 | May | 6,092 | 225,000 | 163,000 | 33,283 | 5.463 | |||||
| 2007 | Jun | 6,207 | 230,700 | 169,100 | 33,624 | 5.417 | |||||
| 2007 | Jul | 6,111 | 217,800 | 163,700 | 33,414 | 5.467 | |||||
| 2007 | Aug | 6,041 | 224,100 | 165,700 | 32,915 | 5.448 | |||||
| 2007 | Sep | 4,069 | 208,200 | 157,500 | 32,907 | 8.087 | |||||
| 2007 | Oct | 4,396 | 205,600 | 153,500 | 32,079 | 7.297 | |||||
| 2007 | Nov | 4,124 | 215,500 | 155,400 | 30,563 | 7.411 | |||||
| 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 | 5,124 | -0.16 | 220,500 | 0.01 | 163,500 | 0 | 29,724 | -0.11 | 5.8 | |
| 2008 | Aug | 4,911 | -0.19 | 216,200 | -0.04 | 159,400 | -0.04 | 28,367 | -0.14 | 5.776 | |
| 2008 | Sep | 4,290 | 0.05 | 203,900 | -0.02 | 150,100 | -0.05 | 27,406 | -0.17 | 6.388 | |
| 2008 | Oct | 3,702 | -0.16 | 208,300 | 0.01 | 154,400 | 0.01 | 26,563 | -0.17 | 7.175 | |
| 2008 | Nov | 2,800 | -0.32 | 199,100 | -0.08 | 144,100 | -0.07 | 26,573 | -0.13 | 9.49 | |
| 2008 | Dec | 3,281 | -0.14 | 202,000 | -0.06 | 147,900 | -0.04 | 24,321 | -0.12 | 7.412 | |
| 2009 | Jan | 2,332 | -0.27 | -0.36 | 177,800 | -0.09 | 138,400 | -0.05 | 25,070 | -0.13 | 10.75 |
| 2009 | Feb | 2,958 | -0.24 | -0.3 | 189,500 | -0.05 | 147,100 | 0 | 25,641 | -0.12 | 8.668 |
| 2009 | Mar | 3,600 | -0.2 | -0.37 | 190,700 | -0.11 | 147,800 | -0.07 | 26,346 | -0.13 | 7.318 |
| 2009 | Apr | 3,640 | -0.24 | -0.31 | 192,300 | -0.11 | 149,100 | -0.05 | 26,782 | -0.12 | 7.357 |
| 2009 | May | 3,998 | -0.23 | -0.34 | 205,900 | -0.06 | 163,400 | 0.01 | 26,918 | -0.11 | 6.732 |
| 2009 | Jun | 4,562 | -0.12 | -0.27 | 214,200 | -0.02 | 166,200 | 0.01 | 24,677 | -0.19 | 5.409 |
The average and median prices were higher than Dallas saw in May 2009. The average home price was $214,200, which is a gain on May’s $205,900, but 2 percent lower than June 2008’s $219,000. The median home price of $166,200 was not only up from May 2008, at $163,400, but also 1 percent higher than June 2008, at $164,400. Dallas’s July 2009 sales and prices might be more indicative of the beginning of the recovery we keep hearing about than June 2009.
Dallas market up for the month, down for the year
June 28, 2009
There were 4,086 home sales in Dallas during the month of May. This is a 12 percent increase over April; however, the sales are down 21 percent from May 2008. The market is growing, but Dallas has not returned to the strong sales it had two years ago, in fact May 2009’s sales are 33 percent lower than they were in May 2007 when 6,092 homes were sold. The home sales are the highest Dallas has seen since September 2008.
| 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 |
| 2007 | Jan | 3,626 | 201,800 | 149,300 | 28,328 | 7.812 | |||||
| 2007 | Feb | 4,248 | 202,800 | 153,500 | 29,121 | 6.855 | |||||
| 2007 | Mar | 5,726 | 215,700 | 158,200 | 31,281 | 5.462 | |||||
| 2007 | Apr | 5,252 | 221,900 | 164,100 | 32,787 | 6.242 | |||||
| 2007 | May | 6,092 | 225,000 | 163,000 | 33,283 | 5.463 | |||||
| 2007 | Jun | 6,207 | 230,700 | 169,100 | 33,624 | 5.417 | |||||
| 2007 | Jul | 6,111 | 217,800 | 163,700 | 33,414 | 5.467 | |||||
| 2007 | Aug | 6,041 | 224,100 | 165,700 | 32,915 | 5.448 | |||||
| 2007 | Sep | 4,069 | 208,200 | 157,500 | 32,907 | 8.087 | |||||
| 2007 | Oct | 4,396 | 205,600 | 153,500 | 32,079 | 7.297 | |||||
| 2007 | Nov | 4,124 | 215,500 | 155,400 | 30,563 | 7.411 | |||||
| 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 | 5,195 | -0.15 | 220,200 | -0.02 | 162,100 | -0.01 | 30,340 | -0.09 | 5.84 | |
| 2008 | Jun | 5,174 | -0.17 | 218,900 | -0.05 | 164,400 | -0.03 | 30,340 | -0.1 | 5.863 | |
| 2008 | Jul | 5,122 | -0.16 | 220,600 | 0.01 | 163,500 | 0 | 29,724 | -0.11 | 5.803 | |
| 2008 | Aug | 4,905 | -0.19 | 216,200 | -0.04 | 159,400 | -0.04 | 28,367 | -0.14 | 5.783 | |
| 2008 | Sep | 4,275 | 0.05 | 204,100 | -0.02 | 150,200 | -0.05 | 27,406 | -0.17 | 6.41 | |
| 2008 | Oct | 3,612 | -0.18 | 208,200 | 0.01 | 154,100 | 0 | 26,563 | -0.17 | 7.354 | |
| 2008 | Nov | 2,800 | -0.32 | 199,100 | -0.08 | 144,100 | -0.07 | 26,573 | -0.13 | 9.49 | |
| 2008 | Dec | 3,272 | -0.14 | 202,200 | -0.06 | 148,000 | -0.04 | 24,321 | -0.12 | 7.433 | |
| 2009 | Jan | 2,327 | -0.28 | -0.36 | 177,800 | -0.09 | 138,200 | -0.05 | 25,070 | -0.13 | 10.773 |
| 2009 | Feb | 2,945 | -0.24 | -0.31 | 189,700 | -0.05 | 147,200 | 0 | 25,641 | -0.12 | 8.706 |
| 2009 | Mar | 3,561 | -0.21 | -0.38 | 191,200 | -0.11 | 148,100 | -0.07 | 26,346 | -0.13 | 7.398 |
| 2009 | Apr | 3,578 | -0.25 | -0.32 | 192,700 | -0.11 | 149,000 | -0.05 | 26,782 | -0.12 | 7.485 |
| 2009 | May | 4,086 | -0.21 | -0.33 | 208,500 | -0.05 | 165,300 | 0.02 | 26,918 | -0.11 | 6.587 |
The average and median prices for homes are also up from April; however, only the median gained on the prices from May 2008. The average home price for May 2009 was $208,500, which was 5 percent lower than the May 2008 average of $220,200. The median price was $165,300, which is a negligible 2 percent higher than May 2008’s $162,100.
Dallas had 26,918 homes listed in May 2009. This is an 11 percent drop from the number of listings the city had in May 2008.
The Dallas Real Estate Market Still Down for April 2009
June 7, 2009
The Dallas market had 3613 House Sales in April. This is down 23 percent from what we saw at this time last year. This is about in line with what we have been seeing for the last 3 months. So it seems the Dallas real estate market is not improving at least its not getting any worse. The Average Home Price was down 9 percent from last year. Again this is about what we have been seeing for the last few months.
While it would be nice to see an increase in sales with increasing mortgage rates I would expect the rest of the summer to be pretty slow.
| 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 | 2007 | Jan | 3,626 | 201,800 | 149,300 | 28,328 | 7.812 |
| 2007 | Feb | 4,248 | 202,800 | 153,500 | 29,121 | 6.855 | |||||
| 2007 | Mar | 5,726 | 215,700 | 158,200 | 31,281 | 5.462 | |||||
| 2007 | Apr | 5,252 | 221,900 | 164,100 | 32,787 | 6.242 | |||||
| 2007 | May | 6,092 | 225,000 | 163,000 | 33,283 | 5.463 | |||||
| 2007 | Jun | 6,207 | 230,700 | 169,100 | 33,624 | 5.417 | |||||
| 2007 | Jul | 6,111 | 217,800 | 163,700 | 33,414 | 5.467 | |||||
| 2007 | Aug | 6,041 | 224,100 | 165,700 | 32,915 | 5.448 | |||||
| 2007 | Sep | 4,069 | 208,200 | 157,500 | 32,907 | 8.087 | |||||
| 2007 | Oct | 4,396 | 205,600 | 153,500 | 32,079 | 7.297 | |||||
| 2007 | Nov | 4,124 | 215,500 | 155,400 | 30,563 | 7.411 | |||||
| 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 | 5,194 | -0.15 | 220,200 | -0.02 | 162,000 | -0.01 | 30,340 | -0.09 | 5.841 | |
| 2008 | Jun | 5,172 | -0.17 | 218,900 | -0.05 | 164,400 | -0.03 | 30,340 | -0.1 | 5.866 | |
| 2008 | Jul | 5,121 | -0.16 | 220,600 | 0.01 | 163,500 | 0 | 29,724 | -0.11 | 5.804 | |
| 2008 | Aug | 4,904 | -0.19 | 216,200 | -0.04 | 159,300 | -0.04 | 28,367 | -0.14 | 5.784 | |
| 2008 | Sep | 4,269 | 0.05 | 204,300 | -0.02 | 150,300 | -0.05 | 27,406 | -0.17 | 6.419 | |
| 2008 | Oct | 3,608 | -0.18 | 208,300 | 0.01 | 154,100 | 0 | 26,563 | -0.17 | 7.362 | |
| 2008 | Nov | 2,800 | -0.32 | 199,100 | -0.08 | 144,100 | -0.07 | 26,573 | -0.13 | 9.49 | |
| 2008 | Dec | 3,262 | -0.14 | 202,200 | -0.06 | 147,900 | -0.04 | 24,321 | -0.12 | 7.455 | |
| 2009 | Jan | 2,313 | -0.28 | -0.36 | 177,900 | -0.09 | 138,100 | -0.05 | 25,070 | -0.13 | 10.838 |
| 2009 | Feb | 2,925 | -0.24 | -0.31 | 189,500 | -0.05 | 147,200 | 0 | 25,641 | -0.12 | 8.766 |
| 2009 | Mar | 3,501 | -0.22 | -0.39 | 191,600 | -0.11 | 148,000 | -0.07 | 26,346 | -0.13 | 7.525 |
| 2009 | Apr | 3,613 | -0.24 | -0.31 | 196,000 | -0.09 | 150,000 | -0.05 | 26,782 | -0.12 | 7.412 |
| 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 |
Mixed Results for March 2009 Sales
April 24, 2009
March 2009 home sales in Dallas were mixed. On one hand, the 3533 sales are up over February 2009. There were 619 more homes sold than in February, and the highest number sold since September 2008; however, there were 955 more homes sold last March. Therefore, March 2009 had 21.3 percent less sales than March 2008, and March 2008 dropped from March 2007. March 2009 is 38.3 percent below March 2007 sales.
The mean and median prices have a similar story. The average price is up $3200 from the previous month, but down 10.3 percent from last year. It is still the third lowest mean price seen since in the three year snapshot. The median price increased by $2700 to $148,600, but is still down from its 2008 position.
Minor gain from January doesn’t mask major loss from 2008
March 28, 2009
Dallas sales were up from January; however, the 2916 homes sold were 25 percent lower than in February 2008 and 31.4 percent lower than February 2007. January was the worst month seen in years; however, the 665 additional homes sold this month don’t change the reality that February’s sub-3000 sales were the third lowest number of sales in the past two years, and only the third time Dallas has had sales under 3000 homes.
The average price is the second lowest in our two year snap shot. February’s $188,900 price is 5.5 percent lower than in 2008. The price did gain on the $179,100 average price last month, but is lower than the $199,800 seen last February. The median price fared a little better. It is up from January 2009, and down only 1 percent from last year. The median price for the Dallas real estate market was $145,900.
Dallas sales the worst since January 1999
February 25, 2009
Dallas had 2241 sales in January 2009. This is the lowest number of home sales posted for the city since January 1999, which had 2149. This number is down 30.12 percent from one year ago, and 38.2 percent from two years ago. It is important to point out January 2008 had particularly low sales, too. That month posted 3207, and it was lower than every month since January 2005. This only highlights how low the sales were for January 2009.
Not only were sales low, but also sales prices were low, too. The mean price was down 8.76 from a year ago at $179,100, and the median price was down 5.41 from January 2008 to $138,100. Not only are these prices down from last year, they are the lowest prices in the two year snap shot period. The last time the average price was at or below $179,100 was January 2003, and the median price has not been this low since January 2001.
Dec 08 Stats for the Dallas Real Estate Market
January 28, 2009
The Dallas Real Estate Market Has The Lowest Sales Since January 2001
January 7, 2009
| Year | Month |
Sales |
% 1 Year Change | % 2 Year Change | Average Price | % 1 Year Change2 | Median Price | % 1 Year Change | Total Listings |
|
2006 |
Jan |
3,457 |
$197,000 |
$149,600 |
26,232 |
||||
|
2006 |
Feb |
4,311 |
$199,600 |
$154,100 |
26,793 |
||||
|
2006 |
Mar |
5,883 |
$204,000 |
$154,900 |
27,795 |
||||
|
2006 |
Apr |
5,332 |
$202,400 |
$154,800 |
29,147 |
||||
|
2006 |
May |
6,410 |
$219,600 |
$164,500 |
29,775 |
||||
|
2006 |
Jun |
7,117 |
$217,300 |
$163,400 |
30,323 |
||||
|
2006 |
Jul |
5,965 |
$215,100 |
$164,000 |
31,191 |
||||
|
2006 |
Aug |
6,344 |
$210,700 |
$158,300 |
30,770 |
||||
|
2006 |
Sep |
5,052 |
$194,600 |
$150,200 |
31,030 |
||||
|
2006 |
Oct |
5,033 |
$200,800 |
$152,300 |
30,258 |
||||
|
2006 |
Nov |
4,585 |
$205,000 |
$154,900 |
29,060 |
||||
|
2006 |
Dec |
4,737 |
$209,600 |
$156,300 |
27,369 |
||||
|
2007 |
Jan |
3,626 |
4.89% |
$201,800 |
2.44% |
$149,300 |
-0.20% |
28,328 |
|
|
2007 |
Feb |
4,248 |
-1.46% |
$202,800 |
1.60% |
$153,500 |
-0.39% |
29,121 |
|
|
2007 |
Mar |
5,726 |
-2.67% |
$215,700 |
5.74% |
$158,200 |
2.13% |
31,281 |
|
|
2007 |
Apr |
5,252 |
-1.50% |
$221,900 |
9.63% |
$164,100 |
6.01% |
32,787 |
|
|
2007 |
May |
6,092 |
-4.96% |
$225,000 |
2.46% |
$163,000 |
-0.91% |
33,283 |
|
|
2007 |
Jun |
6,207 |
-12.79% |
$230,700 |
6.17% |
$169,100 |
3.49% |
33,624 |
|
|
2007 |
Jul |
6,111 |
2.45% |
$217,800 |
1.26% |
$163,700 |
-0.18% |
33,414 |
|
|
2007 |
Aug |
6,041 |
-4.78% |
$224,100 |
6.36% |
$165,700 |
4.67% |
32,915 |
|
|
2007 |
Sep |
4,069 |
-19.46% |
$208,200 |
6.99% |
$157,500 |
4.86% |
32,907 |
|
|
2007 |
Oct |
4,396 |
-12.66% |
$205,600 |
2.39% |
$153,500 |
0.79% |
32,079 |
|
|
2007 |
Nov |
4,124 |
-10.05% |
$215,500 |
5.12% |
$155,400 |
0.32% |
30,563 |
|
|
2007 |
Dec |
3,803 |
-19.72% |
$214,100 |
2.15% |
$153,700 |
-1.66% |
27,649 |
|
|
2008 |
Jan |
3,207 |
-11.56% |
-7.23% |
$196,300 |
-2.73% |
$146,000 |
-2.21% |
28,933 |
|
2008 |
Feb |
3,867 |
-8.97% |
-10.30% |
$199,800 |
-1.48% |
$147,400 |
-3.97% |
29,206 |
|
2008 |
Mar |
4,488 |
-21.62% |
-23.71% |
$214,200 |
-0.70% |
$159,500 |
0.82% |
30,124 |
|
2008 |
Apr |
4,750 |
-9.56% |
-10.92% |
$215,800 |
-2.75% |
$157,500 |
-4.02% |
30,471 |
|
2008 |
May |
5,177 |
-15.02% |
-19.24% |
$220,100 |
-2.18% |
$162,000 |
-0.61% |
30,340 |
|
2008 |
Jun |
5,147 |
-17.08% |
-27.68% |
$218,400 |
-5.33% |
$164,400 |
-2.78% |
30,340 |
|
2008 |
Jul |
5,097 |
-16.59% |
-14.55% |
$220,500 |
1.24% |
$163,200 |
-0.31% |
29,724 |
|
2008 |
Aug |
4,863 |
-19.50% |
-23.34% |
$216,100 |
-3.57% |
$159,200 |
-3.92% |
28,367 |
|
2008 |
Sep |
4,213 |
3.54% |
-16.61% |
$204,900 |
-1.59% |
$150,600 |
-4.38% |
27,406 |
|
2008 |
Oct |
3,502 |
-20.34% |
-30.42% |
$207,500 |
0.92% |
$154,100 |
0.39% |
26,563 |
|
2008 |
Nov |
2,776 |
-32.69% |
-39.45% |
$200,300 |
-7.05% |
$144,100 |
-7.27% |
26,573 |
The Dallas real estate market posted some enormous drops during 2008. September 2008 was literally the only month which saw any gain over it’s 2007 counterpart, and this gain was a paltry 3.54 percent. Every other month saw declines. February and April were the only months with single digit decline, at 8.97 percent and 9.56 percent, respectively. The largest drop was in November 2008. This month was 32.69 percent lower than it had been in 2007.
The two year drop was even more startling. January 2008 was 7.23 percent lower than January 2006, and this was the smallest decline. Every other month posted double digit declines, which ranged from 10.3 percent in February to 39.45 percent in November.
Not only did the number of sales decrease, but the mean and median housing costs decreased for November 2008, too. The mean sales price dropped over 7 percent to $200,300 and the median dropped 7.27 percent to $144,100. November was the biggest drop for all months in 2008 for both the mean and median housing prices.
| Price Range |
Percent Distribution |
# of Sales |
|||
|
2007 |
2008e |
2007 |
2008 |
Change | |
| $29,999 or less |
1.5 |
2.3 |
895.425 |
1083.001 |
20.95% |
| 30,000 - 39,999 |
1.4 |
2.1 |
835.73 |
988.827 |
18.32% |
| 40,000 - 49,999 |
1.9 |
2.4 |
1134.205 |
1130.088 |
-0.36% |
| 50,000 - 59,999 |
2.2 |
2.4 |
1313.29 |
1130.088 |
-13.95% |
| 60,000 - 69,999 |
2.5 |
2.7 |
1492.375 |
1271.349 |
-14.81% |
| 70,000 - 79,999 |
3.1 |
3.5 |
1850.545 |
1648.045 |
-10.94% |
| 80,000 - 89,999 |
3.8 |
4 |
2268.41 |
1883.48 |
-16.97% |
| 90,000 - 99,999 |
4 |
4 |
2387.8 |
1883.48 |
-21.12% |
| Under 100k |
20.4 |
23.4 |
12177.78 |
11018.358 |
-9.52% |
| 100,000 - 119,999 |
9.3 |
8.6 |
5551.635 |
4049.482 |
-27.06% |
| 120,000 - 139,999 |
10.9 |
10.4 |
6506.755 |
4897.048 |
-24.74% |
| 140,000 - 159,999 |
9.6 |
9 |
5730.72 |
4237.83 |
-26.05% |
| 100-160k |
29.8 |
28 |
17789.11 |
13184.36 |
-25.89% |
| 160,000 - 179,999 |
8.6 |
8.1 |
5133.77 |
3814.047 |
-25.71% |
| 180,000 - 199,999 |
6.4 |
6.2 |
3820.48 |
2919.394 |
-23.59% |
| 200,000 - 249,999 |
10.9 |
10.8 |
6506.755 |
5085.396 |
-21.84% |
| 250,000 - 299,999 |
7.2 |
7.2 |
4298.04 |
3390.264 |
-21.12% |
| 300,000 - 399,999 |
8.1 |
7.8 |
4835.295 |
3672.786 |
-24.04% |
| 400,000 - 499,999 |
3.3 |
3.3 |
1969.935 |
1553.871 |
-21.12% |
| 500,000 and more |
5.4 |
5.2 |
3223.53 |
2448.524 |
-24.04% |
While reviewing the percentage of sales for each price range, it is obvious why both the mean and the median home prices have dropped off over the past year. The only price ranges where home sales have increased are homes under $29,999 and homes between $30k and $39,999. Both of these fractions are up by about 20 percent. The rest of the divisions show double digit drops in every category, but $40-49,999. Home under $100,000 dropped by almost ten percent, even with the gains seen in homes under $40,000.
The largest decline occurs with homes priced from $100k to $119,999. These dropped by 26.05 percent. Homes between 100k and 160k had sales decline by over 25 percent.