It’s time for a July 2017 market update. Let’s take a look at what has
been going on in the market and how it affects you.
been going on in the market and how it affects you.
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Right now, the Dallas/Fort Worth Real estate market is absolutely on fire.
Prices have continued to rise over the course of the summer due to the lack of inventory that we’re seeing across most markets. This is also happening because of our still-low interest rates.
Today, I’d like to talk a little bit about the North Crowley area, specifically.
Last month there was 1.7 months of available housing, which hasn’t changed since this time last year. The average days on market, too, has stayed the same—about two weeks.
Home prices, however, have risen. In fact, they’ve gone up by 15%. This year they were at $203,000. Last year, the average home sold for $177,000.
Also, in 2017 the average home is selling for $93 per square foot compared to $84 per square foot last year.
But, what does this mean for you?
Houses right now are selling quickly and for top dollar. For this reason, now is still a great time to list. Our market is still hot.
However, buyers, too, have a lot of opportunities that they can take advantage of. Today, we’re still experiencing historic lows in terms of interest rates.
This gives buyers a lot more purchasing power than they may have had in the past. Even though it’s a seller’s market, buyers shouldn’t shy away from seizing this opportunity.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Prices have continued to rise over the course of the summer due to the lack of inventory that we’re seeing across most markets. This is also happening because of our still-low interest rates.
Today, I’d like to talk a little bit about the North Crowley area, specifically.
Last month there was 1.7 months of available housing, which hasn’t changed since this time last year. The average days on market, too, has stayed the same—about two weeks.
Home prices, however, have risen. In fact, they’ve gone up by 15%. This year they were at $203,000. Last year, the average home sold for $177,000.
Houses right now are selling quickly and for top dollar.
But, what does this mean for you?
Houses right now are selling quickly and for top dollar. For this reason, now is still a great time to list. Our market is still hot.
However, buyers, too, have a lot of opportunities that they can take advantage of. Today, we’re still experiencing historic lows in terms of interest rates.
This gives buyers a lot more purchasing power than they may have had in the past. Even though it’s a seller’s market, buyers shouldn’t shy away from seizing this opportunity.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
