In previous blog posts, I discussed months housing inventory thru October 2009 using data to capture a picture of what happened during the last six months period. In this post, the data is isolated to a particular month.  For instance, August 2009 is based on the 31 days of listing and sold data within that month.  The same applies to September as well.  Here also, the data compares August and September within a given zip code to determine a month to month trend.  In addition, we are looking at two zip codes, i.e., 76179 and 76131 which border each other in the Fort Worth, Texas area.  Although close in proximity, they are nevertheless different by price and size of existing homes.

As you can see by the trends in the various price bands, the market is still shifting in these two areas.  It is worth noting that the $0 - $100K price band in the 76179 zip code has been in a "sellers market" for the previous two months and that the $100 - $125K band is in a normalized or balanced market for the same period.  This is largely due to the success of the $8000 first time home buyer tax credit that so many people used (See Thurs, 22 Oct, 2009, blog post).  A balanced market is also evident for the same price bands in the 76131 zip code.  Although many sellers in these price bands have left the market and are now renting due to various economic considerations, many sellers are also moving up.  Therefore, we should expect to have a moderate ripple effect which could reduce inventory levels on subsequent price bands. However, economic considerations such as employment and consumer confidence could have a dampening effect on the degree of positive change in inventory levels. I will post a similar report using October data after the end of the month.

Search homes in the 76131 or the 76179 zip codes!

If you have comments or questions please contact me or send an email (link at bottom of this post) and I will be happy to respond!