The Real Estate Center at Texas A&M has released March 2009 sales statistics for Dallas real estate.
Number of Sales: 3,533
Down from 4,495 in March 2008
Average Sales Price: $192,100
Down from $214,200 in March 2008
Median Sales Price: $148,600
Down from $159,600 in March 2008
Total Listings: 26,346
down from 30,124 in March 2008
Months Inventory: 6.6
Up from 6.3 in March 2008
Historically high housing affordability and low mortgage interest rates, combined with buyer opportunities in the distressed sales market, have increased home sales in many areas of the country. These factors haven't started to affect Dallas real estate sales statistics for March, however. Soon, very soon.
Learn more about Dallas real estate at TexasHomeCentral.com.
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