Dallas Texas Home Values were DOWN 2% in October

Dallas Texas Home Values were DOWN 2% in October over the same month last year with 46 homes selling this month compared to 47 sold this month last year! For the 2011, year to date, overall home sales were UP 2% with 632 homes sold compared to 620 homes sold last year.

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New listings were DOWN 24% for the same period last year with 96 homes listed as compared to 127 listed this month last year. For the year 2011, overall home listings were DOWN 18% with 1,319 homes listed as compared to 1,615 homes listed last year. Listings under contract were DOWN 19% with 45 homes contracted compared to 56 homes contracted this month last year. Listings under contract for all 2011 were DOWN 1% with 651 homes contracted as compared to 655 contracted for all last year.

The average sales price of homes was UP 5% to $594,903 as compared to $565,177 for this month last year. The overall year of 2011 average sales prices were UP 2% to $631,492 as compared to $618,374 last year. Sellers received 87.2% of their asking price this month as compared to 87.3% this month last year. The average days on the market until sold in was 140 days compared to 130 days for this month last year UP 7%.

The current supply of homes on the market was 536 homes DOWN 27% as compared to 730 homes from the same period last year. This is 8.6 month supply of homes on the market DOWN 28% as compared to 11.9 month supply from this month last year.

Register online for monthly updates in your city and your neighborhood automatically emailed to you at DallasHomeValuesReport.com. Search Dallas Texas homes, Dallas Texas foreclosures, and Dallas Texas short sales at Homes-in-Dallas.com. This service is FREE and without any obligation from DFW Team Realty.

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