Some of the local boards haven't officially released their December 2007 market statistics, but the Dallas board is out in front with their final numbers. Below is the summary for the Dallas-Fort Worth-Arlington real estate market for December including data since 2005.

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DECEMBER 2007 DALLAS-FORT WORTH MARKET SUMMARY

• Total Home Sales were down 25% from the high of 6990 in 2006, mirroring Austin and other Texas real estate markets. The biggest drop occurred in September, when the mortgage market deflated.
• The Average Sales Price kept steady at about $200k, signaling that the sub-prime market less affected more expensive homes. The median price dropped only 2% from 2006 to $143,190.
• From the Supplementary Slides, the $80,000 to $300,000 price ranges were hit hardest.
• Homes sales increased for prices above $300,000 with the most positive change in the $700,000 to $800,000 range.

So far, Texas real estate markets are mirroring each other. Our market has not completed deflated, but numbers were down from the highs of 2006. Dallas has some great highlights, including the Trinity River Corridor project and other development efforts by the city's progressive new Mayor Tom Leppert.

 INTERESTED IN DALLAS AND TEXAS MARKET CONDITIONS?

1. Receive the Texas Real Estate Update

2. Dallas MLS Statistics from NTREIS

3. Get Historical Data from Texas A&M

4. Previous update: Prices up, Sales Down

5. Be a Texas Market Conditions Reporter

6. Watch in 2008: Trinity River Corridor

(Photo is of the Third Rail Luxury Lofts in Downtown Dallas)