This chart is hot off the press from Altos Research, this weekly report
helps to see how the real estate market is trending by city.
This is an overview for the city of Dallas for last week 1.18.08
As you can see inventory has been tightening and days on market has
tumbled. That’s relative to the time of year and all markets in general.
Price is showing an upward trend and and so is buyer activity – there
are signs of life.
Quartile activity shows each price segment of the market, each quarter
is 25% of homes listed. Interesting that all prices have similar inventory
and days on market.
These are bullish sign for the Dallas Market. With the Fed taking another
hit on rates today this just could be the jump start that’s needed.
If you are in the market to buy right now , go ahead and get lined up with
a lender. Standards have tightened and even if you have excellent credit
you are going to have to put more money down to get a loan you like.
Stay tuned for more reports by city and zip codes.
About Terry W. Smith
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