The arrival of fall (at least on the calendar) offers a great opportunity for a check-up of the local housing market. We reviewed the latest numbers and one thing we can say for sure is that what was once considered real estate wisdom – the ideal time to list your home for sale is the traditional spring selling season – is no longer true for Dallas-Fort Worth-area homeowners.
Year-over-year home sales for August and the current low inventory of homes available to purchase indicate there is no reason to wait until spring to list a North Texas home for sale. The latest numbers from North Texas Real Estate Information Systems offer a very compelling case for sellers who would like to get a head start on their potential competition.
A few of the highlights from the NTREIS numbers for August 2016 vs. August 2015 include:
* The average sales price of a North Texas home has risen 7.9 percent.
* The average time a home is on the market is only 37 days.
* The number of homes for sale is down 10.8 percent.
With inventory tight and homes selling very quickly, it’s critical for buyers in Dallas-Fort Worth to define their priorities early on to streamline their house-hunting process.
While today’s homebuyers have access to a wealth of information, what they often don’t have is a way to tailor that information to their needs. That’s where a properly educated real estate professional can save you a great deal of time and money. You’ll breathe easier knowing that you have an Ebby agent representing your best interests in what may be the most important decision you’ll ever make.
Considering buying or selling a North Texas home? The best place to get started is the award-winning ebby.com, where you’ll find just the right agent for your needs.
PHOTO: The home at 5730 Mercedes, which was sold by Ebby’s Hotchkiss Group, went under contract in only two days.