MLS Statistics were released by the North Texas Real Estate Information System (NTREIS) for the month of November 2008 and both Sales and Listings of homes in the Dallas Fort Worth real estate market are down dramatically. When compared to the three year average for 2005, 2006 and 2007 the pre-owned home sales are down 28.9 percent and MLS listings are down 23.5 percent. The MLS statistics are for the combined Single Family and Condo and Town Homes categories of properties.
Most parts of the United States see a seasonal cycle of activity in residential real estate. The peak months tend to be May and June each year for both Sales and Listings. The slowest months tend to be December and January during the middle of winter. The farther north you go the longer the winter slow season lasts. The further south you go the shorter the slow season and the less that there is a swing between the peak and valley of seasonal activity.
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