Home Sales Trends in Dallas, Texas - November 2010

Real Estate Agent with Baton Rouge Area Homes

I prepare a monthly home sales trends analysis for all the major Texas cities each month, and I'm beginning to sound a bit like a broken record!  I am amazed at how similar the trend lines are for each of the big Texas cities. 

All show a sharp drop off in October & November 2010 sales as compared with the same period in 2009 - which clearly illustrates the effect of the elimination of the homebuyers tax credit.  The average sales price continues to trend upward very nicely in each of the cities - which shows that the upper end of the market is finally moving again.

And while you generally see an uptick in available months of housing inventory - they are just not that significant.  By my reading all the big city Texas housing markets are in quite good shape - especially as compared with other cities in the US.  As you can see below - Dallas fits squarely in with that narrative.

There have been some really encouraging 2011 jobs & hiring reports come out of Dallas recently as well as a couple of really nice corporate relocations.  I believe the housing market in Dallas is poised to support job growth and expansion and not hinder it as is the case in so many competitor cities.

Home Sales Trends in Dallas, Texas - November 2010

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