Mesquite, TX Real Estate News

By Bruce Erickson
(Century 21 Judge Fite - Mesquite)
October 2007 This is a tough year in Mesquite. Not as bad as many parts around the country but not as good as other areas around the north Texas region. In comparison with last months numbers the monthly sales numbers have moved into a strong negative bracket.  Last month the Sales figure in Mesquite was -15% versus last years September, so October is still building on negative sales in a negative way. The good news is hard to find but if you take a close look at listings you see the beginnings of hope for shrinking inventory. Also the average and median price is continuing to drop, good for buyers but not so great for sellers. If we can just get first time home buyers to reenter the market we should start to see the days on market and working inventory start to shrink, that is what sel...
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By Bruce Erickson
(Century 21 Judge Fite - Mesquite)
December 2006 The numbers did not end the year good in Mesquite. But it is still a mixed bag of good and bad news.  In comparison with last months numbers the monthly sales numbers have moved into a strong negative bracket.  Last month the Sales figure was -11% versus last years November, so December is building on negative sales. The good news is the Hotness Ranking for Mesquite, it has improved for the last two 2 months versus the rest of the Dallas/Fort Worth metroplex. This is caused by a slowly growing listing inventory in Mesquite of over 6 months while the rest of the Dallas/Fort Worth metroples inventory is growing faster. Growth of listing inventory is not a good sign .. but not a killer yet .. lets hope that this is the peak and it will start to shrink.  Another of the positiv...
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