Everything Is Relative

Dallas-Fort Worth real estate is lookin' good ...

The pre-owned housing market in Dallas-Fort Worth was down 16% in January 2008. But don't despair! That was a good month compared to December 2007 which was down almost 23%. Over all sales are expected to decline 5 to 10 percent in 2008. This is due to the fact that 15 to 20 percent of the market . the first time home buyers, the ones sucking up the easy financing and the investors have departed the scene. That's the bad news.
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The good news is that the median sales price was down a trifle 1% to $138,000. The experts report that this area is the least likely of any country to see a decrease in home values, and despite what you hear ... the Dallas area still has one of the lowest average sales times in the country! Want some more good news? None other than the Wall Street Journal Online reports Dallas as the STRONGEST real estate market in the country!