Thursday, September 6, 2012

Non-distressed Dallas-area Home Prices Up 7.2% Over 2011.

Dallas-area July home prices continue to rise. DFW home prices are up 3.2% versus 2011.

By Troy Corman,

National real estate research analysis group CoreLogic reports that Dallas-area homes sold for prices 7.2% higher than a year ago when excluding distressed sales. Distressed sales refer to foreclosed homes or short sales. Short sales occur when a home lender agrees to allow the home owner to sell their home for less than the mortgage balance.

Speaking of foreclosures, filings for residential foreclosures in Dallas-Fort Worth are down 22% versus 2011, with 4,786 filings a year ago versus 3,724 in 2012.

When including all home sales, Dallas home prices were still up 3.8% in July versus a year ago. Standard and Poor's Case-Shiller Home Price Index reported last week that Dallas home prices were up 3.7%.

Available Dallas-Fort Worth homes for sale are at the lowest level in years which is market-favorable for sellers of well-maintained homes in Dallas' best neighborhoods.

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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