October 2008 North Texas Home Sale Statistics


Below you will find the NTREIS October Statistics for North Texas, specifically Allen, Frisco, Carrolton, McKinney, Plano, and Richardson.  The numbers themselves shouldn’t come as any great surprise.  As you would assume this year, the sales dollar and volume are down from this time last year.  The good news is that homes here in the Metroplex continue to hold their value.  Average and Median sale prices are up in many areas – a point underscored in Tuesday’s Dallas Morning news, which referenced an industry study concluding that Dallas was one of several markets (virtually all in Texas) where homeowners would not experience a loss in value.  Bottom line – the numbers aren’t what we would prefer, but they’re not nearly as bleak as the media and the national outlook might lead you to believe.

City              # of sales      2007 to 2008     Average Sale Price         2007 – 2008

Allen                  73                     – 39 %             $ 222,253                     + <1 %

Carrollton          70                     – 32 %             $ 180,672                     + 3 %

Coppell              29                     – 19 %             $ 304,893                     + 9 %

Frisco                143                    – 33 %             $ 301,473                     + 3 %

McKinney          128                    – 33 %             $ 216,046                     + 7 %

Plano                 186                 Unchanged        $ 271,441                     + <1 %

Richardson         64                    – 39 %             $ 218,386                     + 18 %

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