How’s the Dallas Real Estate Market?

Has it stabilized?  One way to determine “How’s the market?” is to get a barring on demand.  The above chart is broken down by price quartile.  High end market is black and as you can see demand is weak, same for the orange line but better than black, but demand is picking up.  The blue line is lower priced properties, let’s just say under $350K.  Hovering around 20 is where you’ll find activity and multiple offer scenarios.  Where the market action index gets back to 30, the market will favor the seller, that will be while.  Financing is still an issue for jumbo loans, however properties in the $3 million to $5 million dollar range are selling, go figure…at least most of the lines are heading in an upward direction and that is a positive sign.