More and more homes have flooded our market (ignore that rain pun!), and it's changing our market FAST.
Our area has had one of the biggest increases in the country in the number of homes listed for sale, according to Realtor.com. D-FW ranked eighth among the 10 major U.S. markets with the greatest increase in home listings in September, up 14 percent from the same period a year ago, according to Realtor.com.
Local real estate market numbers show that almost 26,000 preowned single-family homes were listed for sale in August with North Texas real estate agents. That's the highest volume in six years.
Nationwide, home inventories are at a 5-year high, according to Realtor.com.
"After years of record-breaking inventory declines, September's almost flat inventory signals a big change in the real estate market," Danielle Hale, chief economist for Realtor.com, said in the report. "Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize.
"But don't expect the level to jump dramatically," she said. "Plenty of buyers in the market are scooping up homes as soon as they're listed, which will keep national increases relatively small for the time being."
quotes and info from this Dallasnews.com story.
Like we've mentioned, our market is still competitive considering the amount of homes up to be available and the amount of seekers/buyers and people migrating into the metroplex. It's a "tight market" still, but maybe you'd say it's more normal these days. A great time to look and see what's come available and how it compares! Let's talk!
One of these (many) available homes is definitely for you.
There are changes and GROWTH around the O’Reilly Home Team too! We’ve expanded into the buy and remodel business. … Ok, we flip houses. Believe me it is not like what you see on tv.
Mike Gwartney has joined OHT to supervise the remodels. He brings years of “Handy Man” experience. Walker Nery is our head contractor. He has done work for several of our clients and does real quality work.
OHT is also adding another Realtor to our group. More details are coming very, very soon!
This Study notes some people are deciding now is the time to Move (buy or sell) b/c rates are changing. Interesting! I'm here for your questions and searches.
"Consumers’ demand for a home remains high, and analysts said rising mortgage rates may push some who have been sitting on the sidelines to jump into the game.
'Affordability at least currently is average in this period of time,” McCarthy said. “The rise in mortgage rates has encouraged some people to move into the market now.'"
Many Helping Hands is a faith based non-profit helping to meet the needs of Irving's homeless. Join us for our annual fundraiser special evening of fun and fellowship. Tickets are $15 in advance or $20 at the door. Kids 12 and under are free but need a reservation. Includes a meal, silent auction, and door prizes. Tickets are available through the sponsoring churches.
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