December DFW real estate statistics

The Dallas/Fort Worth MLS had almost 6,000 sales in December, totaling over one Billion dollars. The average price of the homes sold was slightly over $180,000.

The most interesting statistic to come from December is that the number of residential (single family and condos) listings is down in a couple of months from over 46,000 to just over 39,000.

The median price of single family homes was $137,000, which is down about 1% from a year ago; and the median price of condos was $120,500, which is UP 27%!!!

This is a very interesting market. The change in the number of listings means we're moving slightly away from a buyers' market to a more level field. It will be interesting to see how many new homes come on line in 2005 to set the pattern of either buyer's or seller's market. Stay tuned...