This market update is focused on the Dallas area in the second quarter of 2015. A lot of clients are asking me whether we're in a seller's market or a buyer's market.
The truth is that we actually do have quite a strong seller's market right now. We have less than three months of inventory, and this is creating a lot of competition for buyers.
Now is a great time to sell because prices have risen almost 25-30% in some areas of town. So, please contact me if you've been thinking of selling. You have a very good chance to profit off of a home sale right now.
If you're buying, the longer you wait the more expensive it will be for you to purchase a home. Interest rates are set to rise, and this will continue to hurt your affordability. When you see a good home you have to be ready to act. Otherwise you run the risk of losing out on it.
If you have any questions, or if you need any assistance with real estate in Dallas, please don't hesitate to contact me!