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The Dallas real estate market is showing all-around signs of improvement, according to three strong indicators of economic health – home prices, home sales, and foreclosure rates. According to a May 8, 2010 article in the Dallas Morning News, “North Texas home sales surged 27 percent in April from a year earlier. Condominium sales rose even higher – up 49 percent. Median home sales prices also rose a solid 7 percent in last month’s report, one of the best recent year-over-year gains. The jump in pre-owned home sales was fueled by the federal homebuying tax credits that just expired.” The piece, written by Steve Brown, continued to say that “The April increase and an 11 percent rise in March were enough to put home sales ahead 9 percent so far this year in North Texas. Local real estate agents sold 7,017 pre-owned single-family homes last month, according to statistics released Friday by the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems Inc.”

Dallas homes for sale were less dependent in recent months as well, according to a May 13, 2010 article in the Fort Worth Star-Telegram. This piece found that “Home foreclosure postings in Tarrant County as well as the Metroplex as a whole dropped for the second consecutive month in a row this month, but that’s too short to call it a trend, a local expert said Thursday.” The article by Bob Cox also said that “The number of homes listed for foreclosure and which could potentially be auctioned off at the June 1 courthouse auction, fell 8 percent in Tarrant County compared with a year ago and 7 percent from the previous month, according to data released by Foreclosure Listing Service of Addison.”

Home prices for Dallas real estate also rallied slightly, according to a May 12, 2010 article in the Dallas Morning News. This piece, written by Steve Brown, found that “Dallas-Fort Worth home prices edged higher in the latest nationwide housing market update. The D-FW area was joined by 90 other U.S.. metropolitan areas that had gains in median home prices in the first quarter, according to the latest report from the National Association of Realtors.”