September sales came out today from the MLS, notably NTREIS,
(North Texas Real Estate Information System) And would you believe
there is some good news? Park Cities and Vicinities, actually Dallas home
sales were up 2% from last year. So, what about Park Cites?
Time to celebrate, believe it or not…sales up 36%! Yeah!
Now all this is good news but it does comes with a small hit -
Price per sq ft was down 6% – not too bad considering the state of the
nation. Days on market is 88 days which is 29% higher than this time
last year. The other thing that probably spurred sales is that the inventory in
Park Cities is 50% above last years totals and that equates to a 10.3 month supply.
And I’ve been talking about that for a while now…real estate is local and you
can take advantage of the market if you know where to look.
