Dallas Real Estate Statistics for September 2008

When you were a kid on a Merry-Go-Round, did you like to ride on the bench or on the horse that goes up and down?

Real Estate is a lot like riding on the horse - it goes up and down and around and around. If you don't have a good grip, you'll get dizzy and fall off. Sometimes its more like a roller coaster and you want to throw up.

Well get a grip, because here's the ride so far this year:

August 2008 Year To Date Statistics

North Dallas (south of LBJ, between Midway & Central):

Number of Sales: 380 (down 28% from this time 2007)

Average Sales Price: $969,105 (up 4% from 2007)

Average Days on Market: 98 (up 44% from 2007)

Park Cities:

Number of Sales: 502 (down 16% from this time 2007)

Average Sales Price: $1,194,084 (down 2% from 2007)

Average Days on Market: 93 (up 41% from 2007)

Northeast Dallas (east of Central, south of LBJ):

Number of Sales: 436 (down 20% from 2007)

Average Sales Price: $247,075 (down 1% from 2007)

Average Days on Market: 57 (up 14% from 2007)

Northwest Dallas (west of Midway):

Number of Sales: 344 (down 34% from 2007)

Average Sales Price: $236,605 (down 5% from 2007)

Average Days on Market: 76 (up 31% from 2007)

Far North Dallas (LBJ to Plano from Central to Marsh):

Number of Sales: 671 (down 29% from 2007)

Average Sales Price: $339,750(down 1% from 2007)

Average Days on Market: 73 (up 35% from 2007)

[where: 75230]