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How’s the Dallas Real Estate Market Now?


Dallas Real Estate Market Results – Nov 2012

How’s the Dallas real Estate market?  It’s getting better slowly.  Inventory of homes is at a 10 year low. Yes, you heard that right.  And if you’re a buyer or seller you can attest to your fair share of multiple offers.  Gone are the days of finding 30 homes to look it.  It’s not there.

As the market slows down this time of year it will be interesting to see if sellers are willing to jump back in spring.  Foreclosure inventory is also low but there is a back log waiting to be released very slowly by the banks – is my guess.  Take a look at the Quick Facts below from the MLS (NTREIS) for the DFW area.
Nov_12

Overall another positive report for continued sales gains and price increases.  Is it enough for sellers to jump back in?  We’ll see come spring.  Buyers are waiting for the right home to come on the market.  If inventory does not increase sales will take another dip sooner than later.  Supply vs Demand dictates every time.  It’s a sellers market now and will continue to be in the near future.  Check back for an update on the Plano Real Estate Market later this week.

Dallas real estate market

About Terry Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite. Have questions? Ask me. You can find me on Google+ and Pinterest.

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