Jul 23, 2014

Deciphering Dallas Real Estate Stats

Dallas Home Sales statistics can be confusing for several reasons.

  • Many of the headline statistics refer to national sales numbers, not Dallas sales. That's because figures are compiled by national organizations like the NAR (National Association of Realtors) or Texas organizations like the Real Estate Center at Texas A&M.
  • Most of the headlines refer to sales statistics that include all of North Texas - not just Dallas. Those statistics come from our MLS, called NTREIS (North Texas Real Estate Information Services). The area encompasses Dallas, Ft. Worth, Denton, parts of East Texas, etc.
  • Even when you view statistics for a smaller area like North Dallas, they usually include single family homes, condos, townhomes, new construction, older homes, etc. all lumped together.
Like the weather, real estate is very localized. That's why I bring you specific North Dallas reports on a regular basis. The sales statistics you read about in reputable reports come from institutions like the NAR or NTREIS or the Real Estate Center are funded through the dues of licensed Realtors like me.
Check out this great graph about residential sales in North Texas. Notice that it's broken down between single family homes and condos/townhomes. Any way you look at it, the market is booming [where: 75230]

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