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.
No comments:
Post a Comment