New Homes.org Real Estate Report Details May Home Sales in Dallas, TX

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(PRWEB) July 09, 2012

The latest Homes.org real estate report takes an in-depth look at the most recent trends and activity in the Dallas real estate market. The report provides data on the latest May 2012 statistics as well as comparisons to May 2011 sales figures in Dallas. The analysis of this information gives buyers and sellers a better understanding of the general health of the market in the Dallas area and how things will likely trend in the coming months.

The city of Dallas includes four counties, Collin, Dallas, Denton and Rockwall. Below are some key findings for the Dallas area:

•     Total closed sales in May 2012 were 4,145, outpacing both the 3,671 sales in May 2011
•     Collin County experience the most positive movement in closed sales, with a 24.8% increase compared to last year
•     Collin County had the highest average list price of $259,076, while Rockwall County experienced the largest increase of 15%
•     The number of Active Listings in May 2012 was 14,638, down from the 22,229 listings in May 2011 - Dallas County experienced the largest decrease of 38%
•     May 2012 pending sales were at 4,191, up from 3,834 pending sales in May 2011
•     Sales to List Price in May 2012 was approximately 95.18%, higher than the 93.03% in May 2011

May was a very good month for the Dallas area, with all four counties posting increases in both the number sales, average sales price and median sales price. With pending sales also up across the board the June sales figures will likely show strong improvements as well.
Even though there was an increase in new listings in all areas except Dallas County, overall inventory levels (homes available for sale and months supply have dropped dramatically over the last year. In fact, Dallas, Denton and Collin all posted over 40% drops in their months supply of inventory. The tightening in the inventory will likely lead to continued increases in average and median sales price.

Dallas Real Estate Market Latest Information and Statistics

Counties: Collin, Dallas, Denton, Rockwall

Zip Codes in the City: 75201-75212, 75214-75253, 75258, 75260-75267, 75270, 75275, 75277, 75283-75287, 75294, 75295, 75301, 75303, 75310, 75312, 75313, 75315, 75320, 75323, 75326, 75336, 75339, 75342, 75346, 75350, 75353-75357, 75359, 75360, 75363, 75364, 75367, 75368, 75370, 75371-75374, 75376, 75378-75382, 75386-75398

Population: 1,197,816

Population (Metro): 6,371,773

Total Households (2006-2010): 449,597

Median Value Owner Occupied Housing (2006-2010): $129,800

May 2012 Total Home Sales in the Dallas area: 4,145

May 2012 Median Sale Price/Average Sales Price in Collin County: $210,000 / $259,076

May 2012 Median Sale Price/Average Sales Price in Dallas County: $150,000 / $254,188

May 2012 Median Sales Price/Average Sale Price in Denton County: $190,500 / $233,994

May 2012 Median Sale Price/Average Sales Price in Rockwall County: $209,000 / $244,469

Renters vs. Owners (2006-2010): 54.2% vs. 45.8%

Type of Home:
73% Single Family
14% Condo
13% Other

To learn more about the Texas real estate or search for Dallas real estate agents, please visit: Homes.org

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Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures®

Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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