DFW AREA HOME VALUES ARE UNLIKELY TO DECLINE
According to a recent report from private mortgage insurance provider PMI Group, the Dallas - Fort Worth market is one of the least likely in the nation to experience a significant decline in home values.
The markets most likely to decline in value are:
Riverside, CA
Las Vegas, NV
Orlando, FL
Ft. Lauderdale, FL
Phoenix, AZ
And the markets least likely to decline in value are:
Fort Worth, TX
Pittsburgh, PA
Dallas, TX
Houston, TX
Indianapolis, IN
In fact, NTREIS MLS data for March 2008 indicates that the average DFW home sale price actually increased 1.7% over March 2007.
At the Ebby Halliday Companies, the average sale price of homes sold during March 2008 was $292,595 vs. $270,157 in March 2007. That's a 7.7% increase in value over 2007!
The residential market remains strong in the DFW area with no indication of a decline in values.
And, the Associates at Ebby Halliday, REALTORS, Ellen Terry, REALTORS and Dave Perry-Miller & Associates continue to outperform the market! Thank you for all that you do!
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