Southlake Keller Colleyville Grapevine Market Statistics

Labor Market:
Employment declined by 12,155 jobs in January and February. The job losses brought about an
increase in the average monthly unemployment rate from 8% in the fourth quarter to 8.6% for the initial
two months of the first quarter. Job losses are ticking upwards, creating a drag on buyer confidence and
demand in Tarrant County. However, historically low mortgage rates have created a favorable buying
environment for those with a job.

 

Housing Market:
                                            Q4’09                 Q1’10          Q2’10(Forecast)

Average Price                       $163,600            $168,200                Flat

# Of Homes On The Market       7,275               12,030               Increase

# Homes Sold                          4,657                 3,677                 Flat

# New Homes Built                   1,007                  730                Increase

Avg # Of Days On Market             72                     78                 Increase