Friday, December 21, 2007

North Texas MLS Activity Report

Total number of sales is down 7% vs. 2006 but average sales price is up 5%. Average days on the market is 73 days-up 6% from 2006. The number of houses currently under contract is down 7% from 2006 and the number of active listings is up 7% from last year. 2007 will be a slightly down year but not nearly as dramatic as what you will read in the newspaper and other media sources. The national real estate market has been hit much harder than the North Texas market and December activity is way up compared with October and November.

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