Dallas Real Estate For Sale - Still A Buyer's Real Estate Environment In Dallas

By Author: Shannon Johnston
Total Articles: 4762
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There's no doubt that houses being sold in the housing market is lower than in 2008 and 2007, but the economic environment for buying homes in Dallas is very strong as it shows strength with other major cities. There are many good Dallas Homes, with great opportunities for home buyers in the Dallas area. According to published information from the TAMU Real Estate Center, February residential home sales were up in volume and in average price over the previous month's sales numbers, although less substantially from Q1 sales in recent years. February home sales in the Dallas Metro Area equaled 2,916 plus the average price was $188,900.

New home sales in the Dallas Metro Area have decreased 40% in the Q1 of 2009 when compared to the Q1 of 2008 as shown by housing MetroStudy Inc. In Addition, builders are cutting back on new home starts which are now rated at about 50% of the statictical measurements they were last year.

This bodes well for home owners wanting to sell their current ...
... house, since they will have much less new homes to list against in the mls. The number of available new homes is down more than 60 percent from the previous year at this time. Home builders have thankfully been able to decrease their existing inventory of homes available for sale in the first quarter of 2009, getting rid of a lot of their 2008 inventory.

DFW based Ebby Halliday Realtors has recently was able to make it into the top 10 U.S. existing home real estate organizations. This is a first for this DFW company, who joins another Texas company, Coldwell Banker United of Bryan, Texas in the top 10, and is a market indicator that Dallas Homes have not suffered as much as other areas of the U.S..

DFW homes are far more likely to increase in value and selling price, as reported by the mortgage insurance firm PMI Group. They show a 3 percent chance that homes prices on average will decrease two years from now than they are today, which is minimal. The rate of unemployment in the Dallas Area has increased and this is contributing to slowness in the home selling market, according to PMI Group.
About Author:
Shannon Johnston is a Dallas Homes Broker. Through her experience and her home for sale website, DallasFamilyHomes.com, she and her real estate agents help potential home buyers locate and purchase Dallas Homes for Sale.