Movement in our D-FW Housing Market!
It’s true, the market has changed fast! Now, just to let you know, the sky is not falling and we are not headed to a crash with Real Estate in Dallas-Fort Worth; BUT, we are slowing. Sales started slipping in August. In the Dallas area, sales of preowned homes by real estate agents fell by about 4 percent in August from a year earlier. Keep in mind that sales from that period a year earlier were WAY Up. So a 4% drop is relative to where we’ve been for years. In the longer view, this drop is not extreme. The experts still say that DFW has a good home sales market, but not as robust as last year.
This is better news if you are trying to buy a house. Buyers last year had a very hard time finding a home they liked and then most had to battle multiple offers. It was not fun for the buyer and not fun for their Realtor. Thank you if you were my buyer client this past year. It was intense but we did it!!
Now I am seeing more inventory for the buyer to choose from and not near as many multiple offers. Not near as stressful. Personally I like a more even market. On the selling side I have to work harder to get your home seen and under contract, a little more challenging; on the buyer side we have more selection and more time to make a decision. Buying a home is stressful enough without the pressure of buying in a sellers market.
This is a good time to jump back into the market if you are a buyer. Several buyers last year decided to wait for a market change because it was too hectic. That change is here!
Give us a call and lets get you in a home!
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