Dallas sells less homes, and less expensive homes, compared to August 2008

October 2, 2009

August 2009 was the lowest month of the summer quarter regarding number of homes sold.  There were 4183 homes sold in August 2009, which was down from July’s 4711.  The month is also down compared to its counterparts in preceding years.  In August 2007, Dallas had 6041 home sales, which puts August 2009 31 percent under.  August 2008 had 4912 sales.  August lost 15 percent of sales in one year.

Year Month Home Sales One Year Change Two Year Change Average Price One Year Change Median Price One Year Change Active Listings One Year Change Months of Inventory
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 4,912 -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 3,707 -0.16 208,200 0.01 154,400 0.01 26,563 -0.17 7.165
2008 Nov 2,801 -0.32 199,000 -0.08 144,000 -0.07 26,573 -0.13 9.486
2008 Dec 3,291 -0.13 201,700 -0.06 147,600 -0.04 24,321 -0.12 7.39
2009 Jan 2,339 -0.27 -0.35 177,900 -0.09 138,300 -0.05 25,070 -0.13 10.718
2009 Feb 2,975 -0.23 -0.3 189,400 -0.05 147,100 0 25,641 -0.12 8.618
2009 Mar 3,621 -0.19 -0.37 191,400 -0.11 148,000 -0.07 26,346 -0.13 7.275
2009 Apr 3,675 -0.23 -0.3 192,300 -0.11 149,100 -0.05 26,782 -0.12 7.287
2009 May 4,092 -0.21 -0.33 206,500 -0.06 164,000 0.01 26,918 -0.11 6.578
2009 Jun 4,617 -0.11 -0.26 213,500 -0.03 166,300 0.01 24,677 -0.19 5.344
2009 Jul 4,711 -0.08 -0.23 207,300 -0.06 164,000 0 24,387 -0.18 5.176
2009 Aug 4,183 -0.15 -0.31 211,400 -0.02 161,500 0.01 23,827 -0.16 5.696

Those who are buying homes are spending, on a average, a little more money.  August 2009’s $211,400 was the second highest average since August 2008.  It is 2 percent under August 2008, but $4100 above July 2009.  The median price is one percent higher than the preceding August, but the lowest price since April 2009.

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