Alva’s thoughts that the DMN is using only single-family homes makes sense–it certainly seemed like a very low number, which is why I was asking. It’s still odd that prices fell that much, though, isn’t it? But with only 30 properties, I suppose it’s easy to skew the numbers. Thanks to Alva, for getting to the bottom of it for us.
Oaklawn was the secondary issue, though. I still contend that we’ll see a slow down in sales and appreciation in the United States in general, if not in Dallas specifically.