Dallas Homes Center

I get a lot of market data by the MLS, Altos and sometimes nice people at
title companies. Shannon at Chicago Title was kind enough to send me
all North Texas areas. North Dallas is everything south of LBJ and
North of Northwest Highway. This chart is for 1st quarter sales and
an accurate outlook for going forward.

Number of sales is down 39% from last year, average sales price is up
by 15%. Days on market is up across the board and you can see by market
share that the properties over 500K are the ones that are going to have
to come down in price more. The charts speak for themselves.

Look at sales units for last three months, only 30 homes sold in March
compared to 70+ last year. The inventory is all in the 500K and up.
Doesn’t take a rocket scientist to figure out the only way a property is
going to sell is LOWER THE PRICE. If you’re in the market for a
property over 500K, you can make a sweet deal based on these charts.