How you look at the Dallas-area housing market has a lot to do with what neighborhood you're in.
In 2009, median home sales prices were up in Westlake, Richardson, Garland and Duncanville. But in the Park Cities, North Dallas and Lancaster, there were more double-digit price declines. And while home sales were flat for the year in Frisco, down the road in Plano the number sold through the Realtors' Multiple Listing Service fell 16 percent…
…Total home sales in North Texas dropped 11 percent in 2009 and overall median prices were flat, according to statistics from North Texas Real Estate Information Systems Inc. and the Real Estate Center at Texas A&M University.
The job market is expected to rebound in Dallas-Fort Worth this year, and residential agents are more optimistic. The last couple of years have been tough for the local housing industry.
By the Neighborhood
…The large number of foreclosed homes coming on the market in North Texas will be a drag, analysts and agents agree.
…Overall foreclosure filings were up 23 percent in the D-FW area last year.
Listings Slide
Even so, pre-owned home listings in North Texas are down 14 percent from a year ago.
Several economists are predicting a slight uptick in Texas home prices this year. That would be good news for the neighborhoods that have suffered declines. But not all boats will rise with the tide…
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