This is important information to know when buying a home in Dallas or Fort Worth. Give Marie a call today if you are thinking of buying or selling your home in the Dallas Area. www.DaveYourMortgageGuy.com.
Sales were down by 17% in the area for August compared to August 0f 2009. The average sales price was up by 4% and the median sales price was up by 2%. These increases are a statical anomaly caused by increased sales in the upper price ranges.
The real problem for the market continues to be declining pending sales which were down by 21% and the over supply of homes currently on the market.
Over the next several days I will report on the activity in Far North Dallas, Richardson and Plano.