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Dallas Condo Conundrum

With over 2121 condo-town home units for sale in Dallas you might
want to know:

“How hot is the market for condos in my price range?”

Below are weekly charts to see where the trends might be heading.

Condo Quartile in Dallas

Of the 65 condo units that were absorbed last week (either sold or taken off
the market) 63% were under the median price of $165,250.

The Market Action Index below shows consumer activity between supply
and demand using a statistical function of the current rate of sale versus
current inventory. Altos Research tracks these trends weekly using various
consumer data.

Market Action Index for Condos in Dallas

Under 30 clearly represents a buyers market in every quartile for Dallas
condos. Watch for the low end to change before the rest of the market shifts.
Inventories are relatively the same in every price break, 530 units, but the
lower end is selling now.

If you have a condo priced above $500,000, it’s probably a good time to sit
and wait the market out if you don’t have to sell.

Every neighborhood and building is different so make sure you get some good
comps to decide if it’s time to sell or not.

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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