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Old 10-27-2008, 11:05 AM
 
32,494 posts, read 50,965,633 times
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get an email from a realtor who works the southlake bentonville flower mound area
this is part of what he has about current housing in DFW

The latest statistics released by the North Texas Real Estate Information System (NTREIS) indicate some positive news for the real estate market in Dallas, Fort Worth and the surrounding areas.

Single-family home sales rose by two percent from September 2007 to September 2008, up to 6,392 last month. Sales volume of single-family properties also rose by once percent to $1.23 billion, while the average price indicated no percentage change at $193,156.

The relative price stability is positive news, particularly compared to the home price crashes in other markets across the country.

The number of listings currently for sale has additional good news for the local area. With 41,604 single-family homes currently for sale, supply represents a 15 percent decrease over the number of homes available for sale during September 2007. That tightening of supply is particularly good timing, as an overabundance of supply, without a surge in demand, could cause softening of property values. Conversely, the tightening of supply is likely to aid in the preservation, and growth, of property values.


Of course this covers a wide swathe of north TX and individual neighborhoods can definitely vary but the fact that the inventory has shrunk from a year ago inspite of a softning economy is good news but again that is relative to the specific local market...
he also said that foreclosures in TX are down a little over 17% from last year--and that is good news as well
hopefully they won't creep up
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