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Home to Sell or Not to Sell?? - That is the Question!!

The "TRUTH" about the Dallas - Ft. Worth Housing Market!

I've got the most recent 2nd Quarter MLS(multiple listing service) stats by Zip Code for the Greater DFW area including Dallas, Denton, Tarrant, Collin, Ellis, Kaufman and Rockwall Counties.                   The Results are Most Alarming!

  Here's an example:           In Dallas County, during the 2nd Qrtr.2008, a Home in the 75054 Zip Code had an average List Price of $218,500 and LASTED all of 15 Days on the Market and closed at 96% of Asking Price!

          Whaa!...Wait a Minute!!...What's Wrong with this Picture!!!                                          In the Summer of 2008, a home in the 75054 zip code, Sold  in 15 Days --> that's 2 weeks not 2 years!   The average List for this Zip was $218,500...that's above the DFW median home price of about $150K.   They closed at 96% of their Asking Price?  That's 4% off Asking Price...not the 30-40-50% Plunge in Value that is commonly believed by the General Public!!

Did all the DFW Zip Codes perform the same as 75054??  Of course not, the Days on Market(DOM) ranged anywhere from 5 up to 282 DOM. Average List Prices varied from $50,000 into the $Millions and Sellers realized from 92-100% of Asking Price!

  Would you like to know the stats for the market for your area of the DFW Metroplex?? 

     You can email me at [email protected] and let me know your Zip Code.

           Kevin Harrison  (940) 595-0073

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