There's no question that activity in the real estate market is lower than in 2008 and 2007, but the economic environment for buying homes in Dallas is sound as it is favorable and strong when compared with other major real estate markets. There are many great Dallas homes for sale, with investment opportunities for home buyers in the Dallas Fort Worth Metroplex. According to published information from the TAMU Real Estate Center, February home sales were up in volume and in average selling price over January's selling prices, although less significantly from Q1 statistics in most recent years. February home sales in the Dallas Metro Area totaled 2,916 and the average selling price was $188,900.

New real estate sales in the Dallas Metro Area have declined 40% in the Q1 of 2009 when compared to the Q1 of 2008 as reported by housing MetroStudy Inc. Additionally, new home builders are decreasing capacity on new home starts which are now measuring at about 50% of the statictical measurements they were a year ago.

This is excellent news for home owners wanting to sell their current house, since they will have far fewer new homes to compete with in the market. The quantity of ready to move into new homes is down over 60 percent from last year at this time. Builders have been able to reduce their existing inventory of homes available for sale in the first quarter of 2009, being able to sell a lot of their 2008 inventory.

DFW based Ebby Halliday Realtors has recently was able to make it into the top 10 U.S. residential home real estate organizations. This is a first for this Dallas company, which joins another Texas company, Coldwell Banker United of Bryan, Texas in the top 10, and is an indication that Dallas homes for sale have not suffered as much as other areas of the country.

DFW homes are far more likely to increase in value and selling price, as reported by the mortgage insurance company PMI Group. There is a 3 percent chance that overall home prices will decrease within two years than they are today, which is minimal. The unemployment rate in North Texas is up and this is contributing to slowness in the home selling environment, according to PMI Group.Shannon Johnston is a Dallas homes for sale Broker. Through her experience and her home for sale website, DallasFamilyHomes.com, she and her real estate agents help homebuyers locate and purchase Dallas Homes for Sale.