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.
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