The forecast for Texas and specifically North Texas is STRONG Compared to markets nationwide. Many sources are predicting the DFW Metroplex to see strong appreciation in the median home price over the next ten years. Forbes rated the DFW area #2 in the nation with an appreciation rate of 52%.
- Allen
Report Date | Spring 2007 |
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Nearest Metro Area | Dallas, TX |
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Buyers' or Sellers' Market | Equal buyers and sellers |
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Average Time on Market | 60-90 days |
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Market Trend | No Change |
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Housing Inventory | Good supply - all prices |
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Average Home Prices | $175,000 |
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Compared to last year | Up 0-5% |
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Prices As % of Asking Price | 95-100% |
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Multiple Offers? | Yes |
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Greatest Activity | Single-Family Homes |
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Housing Hot Spots | McKinney and Allen continue to be an excellent market for buyers moving into the area and those moving up in the market. Investors are an important part of our business. |
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Reason to Buy/Sell | Good economic news |
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- Carrollton
Report Date | Spring 2007 |
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Nearest Metro Area | Dallas/Ft. Worth, TX |
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Buyers' or Sellers' Market | More buyers than sellers |
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Average Time on Market | 60-90 days |
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Market Trend | Increasing |
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Housing Inventory | Good supply - all prices |
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Average Home Prices | $175,000 |
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Compared to last year | Up 0-5% |
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Prices As % of Asking Price | 95-100% |
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Multiple Offers? | Yes |
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Greatest Activity | Single-Family Homes |
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Housing Hot Spots | Lake Properties, Granbury, Forth Worth, Dallas Texas |
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Reason to Buy/Sell | Population Growth |
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Other Comments | Water properties are at their best prices. Constant upward percentage growth. |
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- Coppell
Report Date | Spring 2007 |
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Nearest Metro Area | N/A |
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Buyers' or Sellers' Market | About 50-50 |
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Average Time on Market | 60-90 days |
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Market Trend | Increasing |
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Housing Inventory | Limited Supply |
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Average Home Prices | $225,000 |
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Compared to last year | Up 0-5% |
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Prices As % of Asking Price | 95-1005 |
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Multiple Offers? | No |
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Greatest Activity | Single-Family Homes |
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Housing Hot Spots | N/A |
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Reason to Buy/Sell | Other |
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Other Comments | N/A |
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- Fairview
Report Date | Spring 2007 |
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Nearest Metro Area | Dallas, TX |
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Buyers' or Sellers' Market | More buyers than sellers |
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Average Time on Market | 60-90 days |
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Market Trend | Increasing |
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Housing Inventory | Limited Supply |
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Average Home Prices | $400,000 |
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Compared to last year | Up 5-10% |
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Prices As % of Asking Price | 95-100% |
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Multiple Offers? | Yes |
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Greatest Activity | Single-Family Homes |
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Housing Hot Spots | RIVER OAKS, SYCAMORE PLACE, ASCOT HEALTH, OAKWOOD ESTATES, HERITAGE RANCH |
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Reason to Buy/Sell | Population Growth |
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Other Comments | Home of the heavily popular Lovejoy ISD and their brand new high school and soon to come middle school. Its country living close to big city comforts. |
- Flower Mound
Report Date | Spring 2007 |
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Nearest Metro Area | Dallas / Fort Worth Metroplex, TX |
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Buyers' or Sellers' Market | More buyers than sellers |
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Average Time on Market | 0-30 days |
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Market Trend | Increasing |
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Housing Inventory | Good supply, all prices |
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Average Home Prices | $352,000 |
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Compared to last year | Up 5-6% |
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Prices As % of Asking Price | 97-100% |
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Multiple Offers? | Yes |
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Greatest Activity | Single-Family Homes, Move-Up Buyers and Relocation |
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Housing Hot Spots | Entire Area |
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Reason to Buy/Sell | Good economic news |
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Other Comments | Good interest rates |
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- Lewisville
Report Date | Spring 2007 |
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Nearest Metro Area | Dallas, TX |
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Buyers' or Sellers' Market | More sellers than buyers |
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Average Time on Market | 90-120 days |
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Market Trend | No change |
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Housing Inventory | Good supply, all prices |
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Average Home Prices | $165,000 |
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Compared to last year | Up 0-5% |
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Prices As % of Asking Price | 95-100% |
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Multiple Offers? | No |
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Greatest Activity | First-Time Buyers |
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Housing Hot Spots | N/A |
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Reason to Buy/Sell | Good economic news |
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Other Comments | Names of Local Newspapers to Send Releases : The Dallas Morning News |
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- McKinney
Report Date | Spring 2007 |
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Nearest Metro Area | Dallas, TX |
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Buyers' or Sellers' Market | Equal buyers and sellers |
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Average Time on Market | 60-90 days |
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Market Trend | Decreasing |
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Housing Inventory | Good supply, all prices |
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Average Home Prices | $225,000 |
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Compared to last year | Up 0-5% |
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Prices As % of Asking Price | 95-100% |
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Multiple Offers? | Yes |
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Greatest Activity | Single-Family Homes |
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Housing Hot Spots | McKinney, Lucas, Parker, Murphy, Allen |
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Reason to Buy/Sell | Good economic news |
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Other Comments | Except for the coastline areas, Texas' housing market continues to offer highly affordable homes without excessive price inflation. Price increases, sales and construction levels in 2006 will probably be equal to or slightly less than the 2005 rate. |
Sources: These stats where derived from multiple sources such as: Forbes, Texas Market Conditions, Realty Times, Tierra Grande, Market Watch, "The State of Real Estate" a reprint from the January 2006 issue of Tierra Grande magazine, the Real Estate Center's quarterly journal, News Release No. 16, January 2006
By David S. Jones
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