(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:
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 (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
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