Here is the sales activity for cities that I specialize in. These are the final year to date numbers for 2008. Activity was down, prices were steady, and days on the market were up. Mortgage rates are very low and the new year has started with good buyer activity, giving us some optimism about this year. There may be downward pressure on prices as some sellers who have held back must take action. And of course, no one knows what's going to happen with the economy. Southlake and Colleyville have 7-8 months inventory, the city of Keller is at about six months, and Grapevine only has four months.
Note: All Information is from North Texas Real Estate Information System (NTREIS) and is believed but not guaranteed to be accurate.
| City | # of Sales | % Change vs. Prior Year | Avg Sales Price | % Change vs. Prior Year | Median Price | % Change vs. Prior Year | Avg Days on Market | % Change vs. Prior Year |
| Bedford | 533 | -7% | $165,986 | 0% | $156,950 | 1% | 59 | 18% |
| Colleyville | 373 | -19% | $515,652 | -3% | $417,000 | -7% | 73 | 18% |
| Denton County Southeast | 3,521 | -21% | $239,322 | -4% | $194,000 | -3% | 70 | 19% |
| Euless | 434 | -18% | $156,820 | 2% | $151,500 | 1% | 56 | 2% |
| North Central Tarrant | 1,963 | -12% | $161,649 | 1% | $150,000 | 0% | 74 | 4% |
| Grapevine | 486 | -16% | $247,593 | 3% | $230,000 | 5% | 51 | 13% |
| Hurst | 550 | -10% | $150,725 | -2% | $139,900 | 0% | 82 | 39% |
| Keller | 750 | -19% | $339,281 | 5% | $287,250 | 1% | 81 | 27% |
| N Richland Hills / Richland Hills | 765 | -16% | $167,451 | 0% | $133,250 | -2% | 68 | 5% |
| Roanoke | 171 | -20% | $160,480 | 3% | $150,000 | 5% | 79 | 34% |
| Southlake | 485 | -19% | $634,944 | 3% | $545,000 | 4% | 78 | 10% |
| Trophy Club / Westlake | 164 | -15% | $472,345 | 3% | $260,000 | 1% | 85 | 25% |
| Watauga | 304 | -28% | $102,044 | -2% | $99,900 | -1% | 65 | -2% |
Note: All Information is from North Texas Real Estate Information System (NTREIS) and is believed but not guaranteed to be accurate.
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