As we continue to get better DFW and Texas housing news, I wanted to take a more detailed look into what homes, and price points, are really moving. The numbers below are encouraging. With 30-year mortgage rates below 4%, let's hope the positive Dallas home sales trend even picks up some steam!
Below is a comparison of DFW home sales that occurred from July 5, 2011 through October 5, 2011 versus a year ago. Statistics are from the North Texas Real Estate Information System (NTREIS).
Dallas homes sold in the $100,000 to $150,000 range are up 19% in 2011.
Dallas homes sold in the $150,000 to $200,000 range are up 18% in 2011.
Dallas homes sold in the $200,000 to $275,000 range are up 16% in 2011.
Dallas homes sold in the $275,000 to $350,000 range are up 12% in 2011.
Dallas homes sold in the $350,000 to $500,000 range are up 5% in 2011.
Dallas homes sold in the $500,000 to $750,000 range are up 27% in 2011.
Dallas homes sold in the $750,000 to $1,000,000 range are down 11% in 2011.
Dallas homes sold in the $1,000,000 and up range are down 14% versus 2010.
If you have a home to sell priced below $750,000, the numbers and trend appear to be moving in your favor!
To find out what your home is worth, contact me for a free no-obligation analysis at 214.690.9682, or email troycorman@t2realestate.com.
Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.
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