Dec 08 Stats for the Dallas Real Estate Market
January 28, 2009
Dallas ended the year on a relatively sour note. More homes sold in December than in November, but this was a drop from 2007. The loss cemented a loss for the year. Every month, except September, saw a drop from the previous year’s sales. And, every month had a double-digit drop from its 2006 counterpart.
There is a similar picture emerging in average and median home prices. Although these prices went up from November 2008, they are still down from 2007 and part of a trend of loss in 2008. There was a 3.6 percent drop in the average home price, and a 3.25 percent drop in the median price from December 2007. Overall, the average price of home sales was down 2.6 percent from 2007. The median price was down 2.63 percent for the year.
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