While it’s already quite warm in North Texas, summer doesn’t officially start until this Saturday, June 21. With sales prices on the rise, fewer homes for sale and low interest rates, this summer offers potential home sellers ideal conditions to sell a home in Dallas-Fort Worth. Competition among buyers is heated and multiple offers are common in many neighborhoods.
Just how hot is the North Texas housing market? Consider that in the past 12 months:
* The median sales price is up 8.6%.
* The average time a home is on the market is just 55 days. That’s down 21% from this time last year.
* The number of homes for sale is down 14.6%, meaning sellers have significantly less competition.
* And, finally, the number of homes sold in the past year is up 7.2%.
If you’re considering listing your home, the summer of 2014 offers an extraordinary opportunity. Contact an Ebby Associate to learn more about the real estate market in your neighborhood and to determine what your home is worth in today’s fast-paced market. To find the ideal agent for your residential real estate needs, visit the award-winning ebby.com.