Sales Activity for First Half 2009

Here are the sales numbers for the first half of this year versus the first half of 2008.  As we saw in the first quarter, there was a significant drop in the number of homes sold in most areas.  Prices are are fairly stable.  And as we saw in the first quarter, days on market are up  for the more expensive areas and down for the less expensive.

Now that the busiest part of the year is over, I'll be looking to see if there is price erosion as the owners of homes that did not sell decide what to do.  I've seen some folks take their homes off the market and wait until next year, and I've seen others cutting their price because they need to sell.

MLS Activity Report for Selected Areas - First Half 2009

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	206	-25%	$171,856	0%	$154,350	-6%	55	-20%
Colleyville	135	-34%	$504,467	3%	$420,000	2%	90	17%
Denton County Southeast	1,450	-24%	$234,302	-2%	$190,000	-2%	71	0%
Euless	170	-23%	$157,549	0%	$153,500	0%	63	5%
North Central Tarrant	758	-28%	$153,515	-4%	$145,450	-2%	74	-4%
Grapevine	170	-40%	$252,896	2%	$237,400	0%	58	14%
Hurst	209	-26%	$137,111	-8%	$132,000	-4%	60	-42%
Keller	307	-26%	$311,991	-5%	$289,300	3%	88	7%
N Richland Hills / Richland Hills	301	-21%	$166,683	2%	$136,250	5%	75	10%
Roanoke	86	-1%	$161,405	-6%	$146,000	-9%	74	-13%
Southlake	183	-28%	$615,855	0%	$503,500	-6%	97	45%
Trophy Club / Westlake	74	-6%	$442,555	-11%	$287,500	9%	102	26%
Watauga	143	-15%	$97,248	-4%	$95,000	-5%	56	-14%

Note: All Information is from North Texas Real Estate Information System (NTREIS) and is believed but not guaranteed to be accurate.