It’s a seller's market, y’all. Most of the nation is
experiencing a leveling out or decrease in home values, but the Dallas/Fort
Worth Metroplex seems to have missed that memo.
According to a recent article from The
Dallas Morning News, prices of preowned home prices in the Dallas area are
up 7.4 percent. The gain was the fourth-highest in the country—well-ahead of
the 4.9 percent increase nationwide.
Three more interesting notes from this article:
- Dallas-area home prices are now 12 percent higher than they were before the recession.
- North Texas preowned home sales grew 13 percent in October, marking the biggest annual sales gain in more than a year.
- Year-over-year price increases have remained steady in the Dallas area.
So, what does all of this extraneous real estate information mean?
It means this is a great time to sell your home! Home
inventory is still extremely low, and with low interest rates, we still have
buyers flooding the market and looking for their dream home.
