Dallas Area Housing Market Report - Oct 2014

Market Trends Report - October 2014

DFW Stats:

Median Price:   $187,000   +8.1%

Median List Price:   $199,500   +11.5%

Median $/sqft:   $91/sqft   +7.6%

Avg Days on Market:   58   -12.5%

% or Original Price:   97.4%   +0.3%

Months Supply:   3.3   -12.1%

New Listings:   116,325   -0.5%

Pending Sales:   88,084   +0.2%

Closed Sales:   87,655   +0.1%

The market doesn't seem to be as frantic as it has been lately.  It's slowing down a bit, but things are still moving upwards.  The simplest explanation is that the lack of inventory just can't keep up with demand.

Buyers:

Interest rates remain at historic low's.  A 30-year fixed rate mortgage can be purchased at 4.25% today.  Get in now!  If you've been on the fence, buy now!  Prices won't go up forever, so take advantage before you wish you had.

Start you home search today at http://www.mydallashomefinder.com/

Sellers:

If you have been thinking about selling, call us.  Now might be the perfect time for you to cash in on this market.  Especially if you are planning to move up in price for your next home.

Thinking about selling?  

Go to http://www.mydallashomefinder.com/sell/

Call us for details:

214-295-5060

info@scottnealrealestate.com