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Dallas Real Estate Information You Need To Know

Housing Supply Indicators – Dallas Real Estate – April 2013

Dallas Real Estate activity is like a moving target.  It’s constantly changing because it’s retail.  You have specific goals for your home search and no two buyers are alike. Knowing where opportunities are is different from finding a perfect traditional, with pool on a cul de sac lot.  Getting specific local information is imperative to help you save time and money.  Like, knowing what’s possible and what’s not. You can get general numbers from the media but real estate is local, like a particular neighborhood, area or even street.  Below are graphics that summarize the Dallas MLS current market . A few takeaways..

  • Homes priced between $300,000 to under $500,000 are selling better.
  • Previously Owned Homes are selling faster than new construction because there is more inventory.
  • Condo-Townhouse sales are strong due to lower maintenance costs and more care free lifestyle.

Dallas Real Estate Housing Inventory Supply

Housing Supply by Price Point – Dallas Real Estate

Starting your house hunt is exciting!  Knowing what inventory is available will help craft an acceptable offer.  Take a look at the chart below.  Inventory is well below April 2012 levels.  A 6 month supply is considered a balanced market. The takeaway is: homes over $500,000 are plentiful and a good selection still exists.  Of course, it will depend on a specific area and neighborhood.  And the reason sales of $300,00 to $500,000 homes are strong is because there is still a 3.3 month supply, (although low) buyers are finding homes to buy.  This is what causes multiple offers on homes.  Timing plays a very big role too. Getting there first can seal the deal!  Getting the right information will help too! Dallas Real Estate Months Supply of Inventory - 4-2013

About Terry W. 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 & know stuff, ask me...

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