What Does the DFW Housing Market Look Like?

Today, I’m covering a market update for the Dallas-Fort Worth area during the first quarter of 2016.

Right now, the median sale price rests around $207,000. This is the exact middle. If you took all the properties, you’d look at the one priced exactly in the middle. That’s up by 9.8% from about  a year ago. The price per square foot is also up by 8.6%. It’s $101 per square foot.

How long does it take for a property to sell in our booming marketplace? On average, it takes around 20 days to sell in our MLS. From a year ago, that’s a 14.3% decrease. Remember that all of these statistics vary based on different circumstances, as well as specific neighborhoods. We’re giving you the overall health.

If you’re a seller, and your home has been listed for over 20 days, there’s a good reason why it isn’t selling. It’s probably overpriced. It’s nearly impossible to underprice your home in today’s market. You have to pay attention to strategic pricing.

Sales are up by 7.3% compared to 2015. Over the last year, 106,258 homes were sold. The key reason for all this activity is based on inventory. How many active listings are there compared to how many homes are selling per month? We only have 2.8 months of inventory currently! That’s down by 15.2%. That means it’s still a spectacular time to sell.

If you have any questions about this topic or more, give me a call or send me an email. I’d be happy to help you!

How We Can Sell Your Dallas Home The First Weekend

Today, we’re filming from an open house in sunny Garland, Texas! This house has four bedrooms, three full bathrooms, one half-bathroom, and a two-car garage. It’s listed for $225,000. We have all of our signs out here and over twenty people have showed up to tour the home this afternoon. With another hour to go we will have up to sixty people show today!

If you’re thinking about selling your home, we wanted to let you know this is something we do for all our sellers. It’s called our Mega Open House. The  idea is to get this home sold the first weekend it is listed on the market! We want to sell your property within the quickest time frame possible.

If you’re thinking about buying or selling a home in the surrounding Dallas area, we’d be happy to help you! Give us a call or send us an email today. Happy selling!