Posted in Blog  
  on May 29, 2013

Dallas, Texas Real Estate Market Trends and Statistics

Dallas, Texas Real Estate Market Trends and Statistics

Current Real Estate Market Trends for Dallas

Here is an outline of what the current real estate marketing looks like in Dallas and how it compares to the State of Texas in our current economic state.

Foreclosure Process

Every state has variations of how the foreclosure process operates. In Texas, the foreclosure process is both Judicial and Non-Judicial. The time period to process a foreclosure is 27 days with a Sale Publication not required and no redemption period given.

How Dallas Compares

5% of Texas’s overall population is taken up by Dallas. Accounting for 12 million people and a media income of over $55,000, this is viewed higher than the state median income of less than $50,000. The overall unemployment rate is 0.4% higher than the state and sees over a lower foreclosure rate of 1 in every 3233 versus the state driven 1 in every 1,336 homes.

Dallas Demographic

The average home purchaser is about 6 years older than the state average with a home average price that is 47% the average market price seen throughout the state.

Top 5 Zip Codes for Unemployment
Dallas is seen as having the highest unemployment rate in the state. Here is a list of the top five zip codes to start looking.
1. 75247
2. 75207
3. 75214
4. 75210
5. 75226

Top 5 Zip Codes for Mortgage Free Living
Here is a listing of the top 5 zip codes to live mortgage free:
1. 75210
2. 75212
3. 75247
4. 75212
5. 75203


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