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Husband, father, inline skater, cycling and triathlon athlete and sometimes coach, graduate civil engineer, commercial and residential and commercial Broker Realtor® working in Ellum, Expo Park, Munger, Peak Suburban, PD 98, PD 269, Swiss Avenue, Baylor PD, all of in-town east Dallas, former home building land acquisitions executive, home builder, home designer (chief architect X3 design solutions), LEED Green Associate (GA), NAHB Green Professional (CGP), NAHB Graduate Builder (CGB), Universal Design and Accessability student and Certified Aging in Place Specialist (CAPS), Advanced Historic Home Specialist certified by Preservation Dallas..........EdgyDad is Biff Bailey of Dallas, Texas

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East Dallas Sales Slow for 6th Straight Month

East Dallas Sales Slow for 6th Straight Month. Listings continue to exceed sales. #p #in

Last Update: 2011-08-15 18:48:24

The buyers market rolls on, and on, and on. For the 6th straight month, MLS reported monthly sales for east Dallas (area 12) were the lowest total for June since at least 2007. Year to date sales (think buyers) are down 14% and listings (think sellers) are up 6%. June was a slightly better month and the YTD numbers are better than last month. In June there were 336 new listings and only 204 sales.

As always (of late), expect offers to be soft. Properties not priced right are likely to go without showings and offers unless they're truly unique. As-is and needs repairs is OK if priced right. Dirty, unkept properties will sit unless there is a huge discount.

Remember, selling in this market is not the end of the world, so long as you buy back in -- you'll recover as much or more and mortgage rates are low. See my link to "5 Reasons to Consider Selling Now"

Here is the year-to-year comparison by month:

Here is the sales trend:

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