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?!