November Sales Statistics for Dallas Area Homes.

This 3/2/2 home at 6541 Patrick has numerous updates and is located in the

well-regarded Lakewood Elementary School District. Contact Troy Corman at 214.690.9682 for details.

Below are the Dallas area home sales statistics year-to-date through November 2012. What jumps out are the low inventory levels of homes for sale that are creating scarcity for home buyers, and thus boosting home prices in most Dallas area neighborhoods. Most real estate experts claim six months of home inventory is considered a healthy, balanced market. Any levels below that six month threshold are considered a seller's market. As you can see, most areas below are well below the six month inventory level.

Statistics are courtesy of the Real Estate Center for NTREIS (North Texas Real Estate Information System). If you're neighborhood or area is not covered, contact me for a free, over the internet, no-obligation custom report at 214-690-9682. I'd be happy to help!

Cedar Hill home sales year-to-date were up 10% in November 2012 while the average sold price increased to $139,107, up 2% over 2011. Average days on market was 77 days, and there are 3.5 months of inventory.

Desoto home sales year-to-date were up 22% in November 2012 while the average sold price increased to $126,782, up 2% from 2011. Average days on market was 87 days, and there are 3.3 months of inventory.

Lancaster home sales year-to-date were up 9% in November 2012 while the average sold price increased to $79,552, up 3% over 2011. Average days on market was 75 days, and there are 2.8 months of inventory.

Mesquite home sales year-to-date were up 8% in November 2012 while the average sold price increased to $86,678, up 7% over 2011. Average days on market was 67 days, and there are 3.3 months of inventory.

Sachse and Rowlett home sales year-to-date were up 22% in November 2012 while the average sold price increased to $159,349, up 7% over 2011. Average days on market was 67 days, and there are 3.1 months of inventory.


The Colony home sales year-to-date were up 31% in November 2012 while the average sold price increased to $148,709, up 7% over 2011. Average days on market was 58 days, and there are 2.6 months of inventory.

Addison and far north Dallas home sales year-to-date were up 31% in November 2012 while the average sold price increased to $342,946, up 5% over 2011. Average days on market was 65 days, and there are 4.6 months of inventory.

North Dallas home sales year-to-date were also up 31% in November 2012 while the average sold price decreased to $716,249, down 11% from 2011. Average days on market was 90 days, and there are 6.1 months of inventory.

East Dallas home sales year-to-date were up 27% in November 2012 while the average sold price increased to $269,507, up 7% over 2011. Average days on market was 75 days, and there are 4.0 months of inventory.

North Oak Cliff home sales year-to-date were up 6% in November 2012 while the average sold price increased to $113,748, up 9% over 2011. Average days on market was 65 days, and there are 4.2 months of inventory.

South Oak Cliff home sales year-to-date were down 2% in November 2012 while the average sold price increased to $62,426, up 6% over 2011. Average days on market was 65 days, and there are 2.5 months of inventory.

North West Dallas home sales year-to-date were up 28% in November 2012 while the average sold price increased to $234,286, up 12% over 2011. Average days on market was 73 days, and there are 3.5 months of inventory.

Oak Lawn home sales year-to-date were up 43% in November 2012 while the average sold price decreased to $430,673, down 25% from 2011. Average days on market was 91 days, and there are 7.1 months of inventory.

North East Dallas home sales year-to-date were up 30% in November 2012 while the average sold price increased to $268,400, up 12% over 2011. Average days on market was 55 days, and there are 3.1 months of inventory.

Sunnyvale home sales year-to-date were down 35% in November 2012 while the average sold price increased to $300,763, up 4% from 2011. Average days on market was 76 days, and there are 5.4 months of inventory.

Plano home sales year-to-date were up 18% in November 2012 while the average sold price increased to $271,949, up 1% over 2011. Average days on market was 56 days, and there are 3.1 months of inventory.

Coppell home sales year-to-date were up 13% in November 2012 while the average sold price decreased to $310,064, down 5% from 2011. Average days on market was 56 days, and there are 2.9 months of inventory.

Richardson home sales year-to-date were up 19% in November 2012 while the average sold price increased to $179,315, up 4% over 2011. Average days on market was 56 days, and there are 2.6 months of inventory.

Garland home sales year-to-date were up 11% in November 2012 while the average sold price increased to $114,006, up 4% over 2011. Average days on market was 66 days, and there are 3.2 months of inventory.

University Park and Highland Park home sales year-to-date were up 21% in November 2012 while the average sold price decreased to $1,051,514, down 2% from 2011. Average days on market was 79 days, and there are 4.6 months of inventory.

Irving home sales year-to-date were up 14% in November 2012 while the average sold price increased to $199,906 up 8% from 2011. Average days on market was 70 days, and there are 3.9 months of inventory.

Duncanville home sales year-to-date were down 5% in November 2012 while the average sold price increased to $108,238 up 3% from 2011. Average days on market was 78 days, and there are 3.9 months of inventory.

Wylie home sales year-to-date were up 20% in November 2012 while the average sold price increased to $179,275, up 3% over 2011. Average days on market was 67 days, and there are 2.9 months of inventory.

Allen home sales year-to-date were up 15% in November 2012 while the average sold price increased to $248,438, up 1% from 2011. Average days on market was 57 days, and there are 2.6 months of inventory.

Frisco home sales and Denton county east year-to-date were up 17% in November 2012 while the average sold price increased to $303,398, up 5% over 2011. Average days on market was 58 days, and there are 2.8 months of inventory.

Prosper home sales year-to-date were up 32% in November 2012 while the average sold price increased to $331,160, flat with 2011. Average days on market was 85 days, and there are 4.2 months of inventory.

Celina home sales year-to-date were up 19% in November 2012 while the average sold price increased to $216,839, up 6% over 2011. Average days on market was 87 days, and there are 5.6 months of inventory.

Bedford home sales year-to-date were up 16% in November 2012 while the average sold price increased to $172,810, up 9% over 2011. Average days on market was 52 days, and there are 2.9 months of inventory.

Euless home sales year-to-date were up 30% in November 2012 while the average sold price increased to $162,291, up 1% over 2011. Average days on market was 55 days, and there are 2.9 months of inventory.

Hurst home sales year-to-date were up 10% in November 2012 while the average sold price increased to $151,314, up 15% over 2011. Average days on market was 60 days, and there are 3.2 months of inventory.

Colleyville home sales year-to-date were up 30% in November 2012 while the average sold price increased to $473,701, down 1% versus 2011. Average days on market was 93 days, and there are 5.4 months of inventory.

Grapevine home sales year-to-date were up 20% in November 2012 while the average sold price increased to $256,643, up 3% over 2011. Average days on market was 53 days, and there are 2.6 months of inventory.

Southlake home sales year-to-date were up 27% in November 2012 while the average sold price decreased to $589,210, down 3% from 2011. Average days on market was 73 days, and there are 4.8 months of inventory.

Keller home sales year-to-date were up 29% in November 2012 while the average sold price increased to $324,889, up 2% over 2011. Average days on market was 78 days, and there are 4.3 months of inventory.

Roanoake home sales year-to-date were down 9% in November 2012 while the average sold price decreased to $166,627, down 4% from 2011. Average days on market was 69 days, and there are 3.5 months of inventory.

Finally, the hottest residential real estate market in DFW... Trophy Club and Westlake home sales year-to-date were up 42% in November 2012 while the average sold price increased to $508,509, up 14% over 2011. Average days on market was 77 days, and there are 4.5 months of inventory.

Again, if your neighborhood or area was not covered, or if you're just curious as to what your home is worth, contact me for a free over-the-net, no obligation, custom market report at 214.690.9682.

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.

• Connect with Troy Corman on facebook at http://www.facebook.com/troy.corman
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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, www.t2realestate.com

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.

• Connect with Troy Corman on facebook at http://www.facebook.com/troy.corman
• Follow Troy Corman on twitter at https://twitter.com/#!/troycorman
• Reach Troy Corman at his google+ page

Interactive Map (link) Of Dallas Area Home Sales 2nd Qtr. 2010

Dallasnews.com interactive map shows DFW home sales by area.

By Troy Corman, t2realestate.com

In our crazy local Dallas real estate market, high-end homes are moving while lower cost home sales are stagnant. According to Steve Brown's recent Dallas Morning News article, home sales in Park Cities are up 41% year-over-year, marking the first increase in over four years.

On this opposite end of the spectrum, sales in Desoto, Cedar Hill and Lancaster are down 25%, 17% and 16% respectively.

The Texas A&M Real Estate Center reports that median prices in North Texas are up about 2% compared to 2009.

So what do the well off know that we mere mortals don't know?

"Those that have money are buying because they think this may definitely be the time in terms of pricing," said Dr. James Gaines, an economist at the Real Estate Center. "And a lot of people who have money can't figure out where else to put it.

"They're looking around and thinking in the long run they might just as well put their money in a house they can live in and enjoy."

In this low interest rate and rising inflationary environment, it sounds like a great idea to me! 

Dallas Home Prices Up 1.4% Over Last Year In Latest Case-Shiller Home Price Index

By Troy Corman, t2realestate.com

The latest S&P/Case Schiller Home Price Index was released today January 26, which reflects the statistics from national home prices during November 2009. The Index measures residential housing prices in 20 metropolitan regions in the U.S.

Dallas posted a 1.4% increase in average home prices that were recorded from homes sold in November compared to November 2008. Three other cities also posted increases.

Although home sales were sluggish in December following the original deadline for the government tax refund, home prices are likely to stabilize or increase as we approach the revised home purchase contract deadline date of April 30, 2010. You must have a signed, executed contract by that date. Also, income limits have been relaxed to allow singles with incomes up to $145K to receive a refund, while couples filing jointly are eligible with incomes up to $245K.

In addition, if you have lived in your current home for 5 years, you can also qualify for the $8,000 tax refund. With rates near historic lows, and home prices at affordable levels, now is a great time to buy. So stop making the landlord rich!

Search DFW homes now at dallashomes2buy.com

Dallas Home Prices Up 1.9% In May From April.

The latest Standard & Poor's Case-Shiller Housing Index shows that Dallas home prices rose for the 3rd consecutive month. Only one other city in the index, Denver, can claim the same upbeat 3-month performance. Dallas also has had the lowest year over year decline in the index at -4.1% when compared to May, 2008.

Nationwide, the pace of the home price descent seems to have slowed. Case-Shiller tracks the prices of typical single-family homes located in each metropolitan area. The index survey does not include condominiums and townhouses. It only covers pre-owned properties – no new construction.