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Dallas real estate is holding it’s own compared to other cities – Big Time!

The Case-Schiller index came out last week and it shows the state
of the market compared to major U.S. cities. Take a look: Dallas only
shows a 3.2% decline in sales, one of the lowest decreases.
Be glad you’re not selling in CA, NV or FL. Chart is for single family,
not condos or townhomes.

Now, take a look at this chart from Altos:

Although sales are down a tiny bit – prices are increasing and holding nicely
from a year ago. The market action index shows activity has fallen off
considerably. Normally 30 is a sellers market, it’s down to 17.5 which
favors the buyer.

The problem in Dallas is not the devastating declines and loss of value but
the difficulty of obtaining a loan to buy real estate, especially jumbo loans.
That’s pretty much it in a nutshell.

About Terry W. Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite & know stuff, ask me...

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