Dallas Home Inventory by Price

End of year statistics for 2011 are several weeks away. However, these figures are interesting to note the difference in our inventory of homes for sale by price range.

While the DFW market slowed slightly in the third quarter of 2011, there were moderate increases in both home values and the days on market. The entire North Texas area continues to be recognized as one of the best performing real estate markets in the country. This chart shows the 3rd quarter numbers for the entire metroplex.

As you can see, we have only a 3.94 month inventory of homes priced under $100,000. That represents a seller's market for that price range. However, homes priced over $500k have 13.38 months of inventory, which reflects a buyer's market. The Home Inventory is the supply of homes available for sale and how long it would take to sell all of them if no additional homes came on the market.
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