2015 In Review for Dallas Real Estate

We had another fantastic year of growth in the Dallas and Fort Worth area! We have excellent news to share with you today. These numbers benefit home buyers and sellers alike!

The median price for all types of properties rests at $204,355. Compared to last year, that’s an increase of 10.5%.

Nationally, we’ve experienced the appreciation rate slow down a little. As long as inventory remains low, we’re going to see price increases. Currently, we have 2.9 months worth of inventory available in the marketplace. That’s down nearly 15% compared to the past.

The approximate days on the market rests at 25 days. This presents the opportunity to sell quickly! You can sell your home within a month. Plus, if your property has already been listed for any longer, that means you need to change your strategy -- there’s clearly something wrong.

Over the last year, 103,435 properties have sold in the area. That’s up by about 5%. Overall, we’re experiencing a healthy and successful housing market. We had an awesome 2015 and it looks like it will roll into this year as well!

If you’re thinking about buying or selling a home, give me a call or send me an email today. I look forward to working together!

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