Dallas Tx Homes For Sale Average Closing Price Declines

By Author: Shannon Johnston
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All Across the U.S.A. the real estate market is experiencing some declines in closing price, but fortunately a recent report of Standard - Poor's/Case-Shiller Home Price Index of Dallas Homes for Sale demonstrated that the DFW Area showed the smallest house closing price decrease among 20 other metros. At 4.9 percent, the house price decrease shows that the DFW Area is faring better than other cities. The local MLS shows median closing prices are down from last year's numbers and the avg days on the market and the number of month's available inventory are healthy and standard fare, according to Dr. James Gaines, an economist with the Real Estate Center at Texas A-M.

The decrease in closing prices is affected by the higher than normal number of foreclosures on the market, although there weren't statistics available that could show the exact impact that low foreclosure selling prices have had on the sellin prices of homes. The selling price decrease is great news for ...
... home buyers in the Dallas-Fort Worth Metroplex and the surrounding suburban areas, as there are many excellent opportunities to be had.

Urban dwellers have many investment opportunities with the condo and townhome market in DowntownDallas, most especially in the Highland Park, Uptown and Turtle Creek areas. Dallas is one of those cities with many beautiful and bustling residential condo neighborhood areas throughout Dallas proper. Those looking for a more suburban way of life will locate stunning properties in most every price range in attractive suburban neighborhoods all around Dallas Fort Worth.

The culture and backgrounds of people living in Dallas are varied and diverse with the city's population split evenly between male and female, with the majority of the residents, almost 20%, falling in the 25-34 year old demographic. Ethnicity statistics show 35% of the total population is Hispanic, 35% is White, 26% is Black or African American, and 3% is Asian. Homes with families make up for 59% of homes with the average family size being 3.37. About 16% of homes have people age 65 or over and about 35% of homes have people under 18 years old.

At the present time Dallas homes available for sale are in the amount of 25,000 with the median purchase pricetag at around $146k and the avg. selling price at $188,900. In February, 2009 the volume of properties sold in Dallas, TX was 2,916.

Statistical information made available by the Real Estate Center of Texas A-M University.
About Author:
Shannon Johnston is a Dallas Homes Broker. Through her experience and her real estate website, DallasFamilyHomes.com, she and her real estate agents help potential home buyers find and purchase Dallas Homes for Sale.