Dallas real estate stats for the previous month usually come
out around the 8th of the next month. And it’s no surprise that
Nov. results were disappointing, sales were down 16% from a
year ago.
However, you really need to look by area and neighborhood for
the true picture. These are areas that might be of interest.
Far North Dallas: Sales down 13% – Average price: $314,453 – down 12%
North Dallas: Sales up 45% – Average price: $903,491 – down 5%
Park Cities: Sales up 24% – Average price: $1,058,230 – down 2%
East Dallas: Sales down 11% – Average price: $277,951 – up 29%
Uptown/Oak Lawn: Sales down 50% – Average price $300,579 – up 28%
This is all for single family resales and you can see it’s a roller coaster
ride. The one thing about real estate you can count on is location,
location, location. Stats are from the North Texas Information
System – deemed reliable but not guaranteed.
About Terry W. Smith
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