Early peek at 2010 real estate statistics

Happy New Year! I hope 2011 is off to a great start for you. In 2010, more than anything, we learned that real estate is a very local business, and we are fortunate to live and work in one of the strongest economies and housing markets in the nation. 

Here are the 2010 Preliminary Sales stats for North Texas:

Existing Single Family Homes
Number of Sales:  59,033 (down 7% from 2009)
Average Sales Price:  $194,402 ( up 5% from 2009)
Average Days on Market: 78 ( down 2%)
Number of Active Properties for Sale: 38,696 ( up 4% from 2009)

Condo & Townhome Sales
Number of Sales: 3,406 (down 5% from 2009)
Average Sales Price: $174,720 ( unchanged from 2009)
Average Days on Market: 99 ( down 3%)
Active Properties for Sale: 3,757 ( down 2% from 2009)

As soon as the final statistics are in for 2010, I will post a report that includes sales trends for North Dallas and areas south of LBJ. We see tremendous opportunities ahead – some of the best many of us will ever have as home buyers or investors. And sellers should be encouraged, also, as truly motivated consumers are looking to take advantage of historically low mortgage interest rates and affordable prices.

As always, the key to success is to enter the market fully informed, and fully empowered, to make wise decisions.   [where: 75230]