Dallas Home Prices Rise 1.7% According to NAR

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Real Estate Agent with Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com 0480809

According to the latest information from NAR, the DFW area has had a 1.7% increase in sales prices over last year with the rest of the nation having a 1.5% DECLINE... Does the 1.7% increase give a true an honest look of what's going on in the area?  Maybe not...

Since the subprime market made their changes, it knocked a lot of lower-end home buyers out of the market.  With that, the under $150k price range has been harder to sell.  However, sales of the higher priced homes are holding steady and are fairly strong. 

Then, you take the higher priced homes and add those to the lesser sales in the lower prices, which used to be the bread and butter, and it creates an increase in sales prices (up to $156,500), though it's not a complete and true story.                                                                                               

Overall, in Texas, not just DFW, sales were down 1.3% in the second quarter.  When you compare that to the rest of the country, they were down on average of 10.8%.  What a huge difference!  No wonder we're still getting so many people relocating here.

Remember, I work all of North Dallas County and Collin County including Richardson, Plano, Allen, Frisco, Carrollton, Garland, Rowlett, McKinney, etc... my car will take us anywhere you need to go!! 

 ARE YOU PACKED YET?!

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Rainmaker
307,523
Ryan Hukill - Edmond
ShowMeOKC Real Estate Pros of KW Elite - Edmond, OK
Realtor, Team Lead
It sure is funny how sometimes published stats are twisted to show things a certain way, when in truth, they may be just the opposite. It's nice to see your honesty posted here for the consumers to see. Keep up the great work!
Aug 15, 2007 08:23 AM #1
Rainmaker
1,473,510
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator
Thank you, Ryan.  I always try to give the big picture.  Many people are scared by my bluntness, but there is no point in cherry-coating things when the truth gets things gone quicker.
Aug 15, 2007 08:28 AM #2
Rainer
35,028
Jeannette Morrison
Cedar Park,Leander,Georgetown & Lake Travis Areas. - Cedar Park, TX
Central Texas Real Estate, NW Austin, Round Rock
Good thing we are in this part of the country and not some where else....they seem to have it much worse than us!  Great way to get the word out!
Aug 17, 2007 07:30 AM #3
Rainmaker
1,473,510
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator
Jeannette, the numbers for Austin were much better than DFW.  It was somewhere around 3%.
Aug 17, 2007 08:28 AM #4
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Rainmaker
1,473,510

Donna Harris

Realtor,Mediator,Ombudsman,Property Tax Arbitrator
Are you Packed for Austin? I can help!!
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