I prepare a monthly home sales trends analysis for all the major Texas cities each month, and I'm beginning to sound a bit like a broken record! I am amazed at how similar the trend lines are for each of the big Texas cities.
All show a sharp drop off in October & November 2010 sales as compared with the same period in 2009 - which clearly illustrates the effect of the elimination of the homebuyers tax credit. The average sales price continues to trend upward very nicely in each of the cities - which shows that the upper end of the market is finally moving again.
And while you generally see an uptick in available months of housing inventory - they are just not that significant. By my reading all the big city Texas housing markets are in quite good shape - especially as compared with other cities in the US. As you can see below - Dallas fits squarely in with that narrative.
There have been some really encouraging 2011 jobs & hiring reports come out of Dallas recently as well as a couple of really nice corporate relocations. I believe the housing market in Dallas is poised to support job growth and expansion and not hinder it as is the case in so many competitor cities.
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