September 2009 not great in Dallas’s real estate market

October 28, 2009

Dallas had 4010 home sales in September 2009.  This is a seven percent drop from last year’s 4293 sales and a one percent drop from the 4069 in September 2007.  September 2009 replaces August as the lowest number of sales since April 2009, as seen below.

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 4,912 -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 2,340 -0.27 -0.35 177,800 -0.09 138,300 -0.05 25,070 -0.13 10.713
2009 Feb 2,976 -0.23 -0.3 189,400 -0.05 147,200 0 25,641 -0.12 8.615
2009 Mar 3,627 -0.19 -0.37 191,300 -0.11 147,900 -0.07 26,346 -0.13 7.263
2009 Apr 3,680 -0.23 -0.3 192,200 -0.11 149,100 -0.05 26,782 -0.12 7.277
2009 May 4,103 -0.21 -0.33 206,600 -0.06 164,100 0.01 26,918 -0.11 6.56
2009 Jun 4,652 -0.1 -0.25 213,400 -0.03 166,300 0.01 24,677 -0.19 5.304
2009 Jul 4,807 -0.06 -0.21 206,600 -0.06 163,500 0 24,387 -0.18 5.073
2009 Aug 4,090 -0.17 -0.32 209,400 -0.03 160,500 0.01 23,827 -0.16 5.825
2009 Sep 4,010 -0.07 -0.01 201,700 -0.01 156,400 0.04 22,979 -0.16 5.73

The average price of the 4010 homes sold was $201,700.  This is a one percent drop from last September.  The median price is up four percent from last September to $156,400; however, it is the lowest price in the past six months, too.

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