Market Leaders Profile: Dallas

Oct. 1, 2009

 

Population: 6,300,006 (22.1 percent increase since 2000)
Existing home sales: Q2 2009 sales were down 18.8 percent from 2008, but up 37.9 percent from Q1
Home prices:

  • Down 2.2 percent from 2008
  • Down 5.4 percent from June 2007 local peak
  • Up 2.8 percent over last 5 years
  • Up 19.7 percent over last decade

Homeownership rate: 63.6 percent (No. 52 among major metros)
Median household income: $53,748
Local unemployment rate: 8.3 percent (up from 5.3 percent in 2008)
Sources: MetroTex Association of Realtors, S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau

RELATED LINKS

The Dallas Morning News: Dallas-Fort Worth area sees decline in home sales, but prices hold steady 

The Dallas Morning News: Dallas home prices showing gains, fueling optimism 

John Todd of Elite Remodeling on Making Small Projects Work

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