North Texas Home Sales Dropped

Texas Real Estate agents are concern about the recent declines in home sales is scalded.  When you look at the Real Estate history in the Nation, it is easy to see that there is a cycle, which is just how the Dallas real estate business works as well as the other areas.

Everyone is saying that it is a great time to buy homes in Dallas area! If you have the money or good credit and desire to buy a new Dallas house, you will get the best deal with lowest rates and lowest sales price. If you are the seller, than remember to put your Dallas home in a good price, it will more likely sell it. Homes current date on the market is changing every area in Dallas, Plano, Frisco, McKinney and surrounding areas.

Dallas Morning News reported that North Texas home sales last month dropped 17 percent from August 2009, the third straight month of year-over-year declines in the pre-owned home market.

However, the decline was not as severe as July’s 29 percent decrease.

“We are showing a very gradual recovery,” said Ted Wilson of the Dallas-based housing analysis firm Residential Strategies. “We are going to continue that way until we see some more meaningful job growth.”

During the first eight months of 2010, pre-owned home sales were flat in North Texas from the same period last year. In August, the median single-family home price in the area was $152,000, up 2 percent from a year ago.

The biggest sales declines were in moderate-priced areas where first-time buyers had been using the tax credits. August sales were down 49 percent from a year ago in Cedar Hill, 44 percent in Desoto and 37 percent in Garland. Yet some affluent areas continued to see sales gains, including North Dallas, which was up 28 percent.

Currently there are just over 42,000 pre-owned single-family homes on the market in North Texas. That is 15 percent more than a year ago and represents a 7.4-month supply.

One of the important element while buying or selling Dallas homes is the current dates on the market, every Dallas area homes have different days on the market which depends on the location, condition and Dallas real estate. Learning current market will help you to negotiate better and have your house priced right.

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