Case-Shiller Home Price Index for DFW

The Case-Shiller Home Price Index for August came out today. The report found that the D-FW area was down by 1.2% from a year ago. This is close to the 2% drop reported by NTREIS (our local MLS). The 2 reports measure home prices differently so some difference should be expected.

The Case- Shiller report also indicated that D-FW homes prices were only off by 4% from their high of June 2007.

Our market has faired much better that any other major market in the country. We have been luck not have the massive numbers of foreclosures that other markets have experienced.

Of course the real question if you are a Seller is"What's happening to prices in my neighborhood and what is my house worth?"

And if you are a Buyer, "What is the house I want to buy worth?".

The only way to answer those questions is to get an appraisal or the advise from a REALTOR who is familiar with the neighborhood.