Dallas Real Estate Home Values & Pending Home Sales Rise

May 5, 2010 by · Leave a Comment 

Dallas Real Estate Market Home Sales & Values Rise

Dallas Real Estate Market Home Sales & Values Rise

Dallas Real Estate Home Market Sales & Values Rise

Dallas real estate is finally showing solid signs of recovery along with other local real estate economies across the U.S.  As of February 2010, prices on homes in Dallas rose 2.6% from February 2009, according to the S&P/Case -Shiller Index.  If you are looking to sell a home in Dallas, this is great news!  Dallas home sellers are still competing with a high volume of foreclosures, but housing inventory is decreasing along with foreclosed homes in Dallas which is restoring much needed stability to a volatile market.  The Dallas real estate market continues to show signs of strength and signs of recovery. What remains to be seen is just exactly how the market reacts after the tax credit craze! 

S&P CASE-SHILLER HOME PRICE INDEX

Percentage change in home prices in February 2010 compared to year earlier in each market.
Atlanta -0.9%
Boston 1.8%
Charlotte -2.5%
Chicago -3.0%
Cleveland 3.2%
Dallas 2.6%
Denver 3.6%
Detroit -5.4%
Las Vegas -14.6%
Los Angeles 5.3%
Miami -4.4%
Minneapolis 3.0%
New York -4.1%
Phoenix -1.6%
Portland -4.8%
San Diego 7.6%
San Francisco 11.9%
Seattle -5.6%
Tampa -6.0%
Washington 5.0%
Composite-20 city -0.6%
SOURCE: Standard & Poor’s and Fiserv

According to the National Association of Realtors, pending homes sales rose 5.3% to 102.9 in March.  Sales were attributed a rush to take advantage of the home buyer tax credit, but still point toward a strong second quarter growth.   A more accurate market depiction is expected in the coming months with the expiration of the home buyer tax credit.  If pending home sales and prices continue to increase or level out in the second half of 2010, consumer confidence should remain strong and the real estate market will be even furthur down the road to recovery. NAR Pending Home Sales Report 

Dallas Real Estate Market | Dallas Real Estate Home Sales

If you are interested in learning more about current trends and market conditions in the Dallas real estate market, contact one of our Dallas Realtors.  DFW Urban Realty specializes in urban homes, townhomes, condos, lofts, and high rise sales and rentals.  If you are thinking of selling a home in Dallas, contact one of our agents for a free competitive market analysis for your home.

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Related posts:

  1. Dallas Real Estate Home Sales Increase Due to Buyer Programs & Tax Credits
  2. Dallas Real Estate Home Sales Increase & Inventory Decreases
  3. 2010 Dallas Real Estate Forecast Calls for Housing Recovery
  4. Dallas Real Estate Home Foreclosures Allowing Buyers to Cash In
  5. Buying a Home in Dallas – The Right Home at the Right Price
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