Marie Walton, ABR, CRS, GRI, SRES

Sales of single family homes were up 5% in December compared to last December. The average sales price declined by 4%. The number of new listings dropped 25% bring down the number of active listing by 23%. We now have a 5.1 months supply of homes for sale. Pending sales were up by 4%.

Sales numbers for the year of 2011 show sales to be flat as were the average and median sales prices.

The condo and townhouse markets were down by 8% in December and the average sales price fell by 8%. The number of active listings continued there decline off by 28%. For 2011 condo and townhouse sales were down by 1% and the average sales price declined by 5%.

The rental market remained strong with rentals up by 5% in December and the average rental rate was up by 3%. For the year rentals were up by 12% with an average rental rate up by 6%. The demand for rental units remains very strong.

The single family market remains fragmented with most of the sales below $80,000 or above $200,000. The in between price ranges that represent most of the first time homes buyers continue to show declining sales and average sales prices.

Hurray! We got the first positive monthly report in a very long time.

Sales were up by a strong 18% in July. The average sales price was down by 4% and the median sales price was also down by 1%. It look to me that the declines in the sales price was due some drop off of sales in the high-end areas combined with investors picking up more properties at the low end and everything else in between being flat.

The number of new listings declined by 17% helping bring down the number of active listings by 14%.

The pending sales number is was up by 13%. Positive for next month.

Condo and townhouse sales rebounded very nicely in July and were up by 38%. the average sales price declined by 9%. Pending condo and townhome sales were up by 29%

The rental market remains very strong. For July rentals were up by 6 % and the average rent increased by 4 %.

If you are looking for a rental, there is less than a 2 month supply to choose from. Consider buying a house. With the increases in rents, the current house prices and very low interest rates it costs less money to own than rent.

Sales : 6,079

Average Sales Price: $203,723

Median Sales Price: $153,000

New Listings: 9,658

Active Listings: 36,733

Pending Sales: 5,521

Months of Inventory: 6.9

Sales were off by 15% from May of last year. The average sales price was up by 5% while the median sales price remained flat. We are still seeing more sales in the upper price ranges but this may be about to change.

The number of new listings was down by 3% and the number of active listings declined by 4%.

Months of inventory remains high at 7.8 months.

NOW FOR THE GOOD NEWS!

Pending sales jumped a whopping 35% in May. If these pending sales hold we should have a positive report next month.

Also in the May report there were pockets of positive sales. North Dallas, The Lake Highlands area, Plano, Richardson, and Highland Park all showed upticks in sales.

The far suburbs remained in negative numbers for May but have strong pending sales numbers boding well for these areas in next months report.

Sales: 6.224

Average Sales Price: $205,341

Median Sales Price: $150,000

New Listings: 10,314

Active Listings: 37,790

Pending Sales: 6,003

Richardson sales were much better than the Dallas/ Ft.Worth area in April. Sales were only down by 2%. There was a drop if 3% in the average sales price and a decline of 9% in the median sales price but these drops appear to be due to more sales in the lower price ranges indicating more first time buyers in the market.

The number of new listings declined by 16% but the number of active listings climbed by 13%. The months of inventory now stands at 5.8 months and is one of the lowest in the area.

The number of pending sales was flat and this is really good news for next months sales.

Sales: 89

Average Sales Price: $168,304

Median Sales Price: $152,500

New Listings: 160

Active Listings: 383

Months of Inventory: 5.8

Pending Sales: 94

Sales were down by 38% in Far North Dallas in April. The average sales price was up by 13% and the median sales price increased by 7% as sales continue to be concentrated in the upper price ranges above $500,000.

The number of new listings declined by 5% while the number of active listings increased by 6%. At current absorption rates there is a 9 month supply on the market.

The pending sales number declined by 38%.

Sales: 62

Average Sales Price: $339,949

Median Sales Price: $284,500

New Listings: 178

Active Listings: 575

Months of Inventory: 9

Pending Sales: 60