Everyone is wondering what is the market like here in the Metroplex??
According to the North Texas Real Estate Information Service (NTREIS) YTD summary thru September 2011 (which includes 50 counties in the North Texas MLS area):
Single family dwelling sales are down 3% over the last year with no change in dollar volume. The average sales price is up 2% to $199,610. Sales for the month of September were up 14%.
Farm/Ranch sales show a 4% increase, dollar volume is down 7% and the average sales price is down 10% to $306,982. Sales for September were up 3%.
Rentals are up 14%, dollar volume is up 19% and the average rental price is up 5% to $1427. Rentals for the month of September are up 19%.
Lots & Acreage sales are up across the board with sales increasing 4%, Dollar Volume Increasing 13% and Average Sales Price increase of 8% to $123,274. September sales remained the same.
Commercial Sales are up in all 3 categories, Sales Volume is up 7%, Dollar Volume increased 9%and an increase in average price to $171,615. September sales are down 2%.
Overall you can see that the market in North Texas is doing very well, especially when compared to the national real estate market. It is still a fantastic time to buy, sell and invest in real estate in North Texas. If you want to know what your current home value is, give me a call and I will be happy to assist you.