Overall home sales in Dallas are down from a year ago, with the biggest year-over-year price decline in the East Dallas neighborhood, the Dallas Morning News reported.
Data from the North Texas Real Estate Information Systems shows prices are 8 percent below what they were a year ago. Although prices are dropping, experts say sales would be higher if there were more affordable homes on the market.
The good news is a new Trulia report says Dallas is one metro area that is shifting from a sellers’ to a buyers’ market. So if you’re thinking about buying a new home in the neighborhood, here’s what the median price of $500,000 will get you.
