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80 Days - Not bad!

By Steve Shatsky

Industry Observer

January 12, 2008 07:36 AM

I recently heard on the news that the average time it takes to sell a house in Dallas is 80 days and that the median price of homes has actually risen (very very slightly). Compared to many other markets in the report, Dallas was near the low end of the DOM scale, only Denver was lower. These are positive signs of the strength of the Dallas real estate market! I hope that buyers and sellers take this news to heart the same way that they seem to take the doom and gloom national news so seriously. Based on the market activity I have seen since the holidays I would bet that the 80 day number is going to start dropping, especially for homes that are well priced to reflect their condition and their local market realities!

What's the magic number in your area?

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Matt Ratcliffe, REALTOR

Keller Williams Realty Brazos Valley - College Station, TX

We arer at 116 in College Station Texas. That is the winter months, our inventory is low.

Jan 12, 2008 07:50 AM

Gary L. Waters Broker Associate, Bucci Realty

Bucci Realty, Inc. - Melbourne, FL

Eighteen Years Experience in Brevard County

We are at 116 in Brevard County Florida, high inventory and prices still dropping. SOunds like Dallas is doing great!

Jan 12, 2008 08:32 AM

Steve Shatsky

Dallas, TX

Hmmm... College Station Texas and Brevard County FL are both at 116 days... anyone with a conspriracy theory??? LOL

Matt: I would imagine with the large student population in C.S. that there is a very cyclical nature to housing related to the school year at Texas A&M. Do things typically pick up in the April/May/June time frame as parents start thinking about housing for students for the Fall semester?

Gary: I feel your pain. My dad has been a Broker in Broward and Palm Beach County for almost 30 years, so I hear the realities of the Florida market every time I speak with him. Dallas really is doing very well comparatively... if we could just get the media to point that out to folks a big psychological barrier would be removed for many buyers!

Jan 13, 2008 05:28 AM

Brian Copeland

Nashville, Tennessee Residential Specialist - Nashville, TN

CRS

Congrats on speaking some positive life into your own market. The agents who continue to work positively like this will last!

Jul 07, 2008 05:33 PM

80 Days - Not bad!

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Steve Shatsky

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