Thursday, May 10, 2012

Reading between the lines when you see real estate statistics

Borrowed with permission from Britt Fair of Hexter Fair/First American Title.... Many of you ask me for this updated chart each month. April was another strong month for North Texas housing, with dollar volume up 20% over last April. That year-over-year dollar volume change was caused by an increase of 11% in volume and an 8% increase in average price of homes sold. In fact, this April was the 3rd highest dollar volume of NTREIS April home sales of all time (only 2006 and 2007 were better). To be fair, this stat should improve each year as North Texas population grows, but it’s good to be back on that track! The other thing that a lot of folks are asking about is whether DFW home prices are really increasing. I do not believe that houses have appreciated 8% over April of last year – some of that increase appears to be related to the change in the mix of homes sold, as homes above $150k are performing better than homes below $150k. But then again, the price per square foot was up 6% in April (versus April 2011), so it does appear that there is finally some good, old-fashioned price appreciation to go along with the skewing effect of the change in the housing mix.

1 comment:

Anonymous said...

In that case, this kind of question should not be taken
from any show telecasted in specific country. I believe my
exact words were "I don't want to be your dirty little secret. Ask your local club to run this for you.

Here is my webpage :: best pub quiz names