North Texas home sales prices jumped by 13 percent in February over the same month last year.
Real estate agents sold 5,495 pre-owned North Texas homes last month – a 2 percent increase from February 2013, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate information Systems, Inc.
February’s home sales gain comes after a 1 percent drop in January from the previous year. That was the first dip in year-over-year pre-owned home sales in the area since early 2010. Notably, the inventory of homes for sale in North Texas in February was 12 percent lower than a year ago.
What was once considered real estate wisdom – the ideal time to list a home for sale is the traditional spring selling season – is no longer true in North Texas.
Year-over-year home sales for January and the very low inventory of homes available to purchase mean now is a great time to list a home for sale in Dallas-Fort Worth. Just-released numbers from North Texas Real Estate Information Systems make a compelling case for savvy sellers who want to get a head start on the spring selling season’s increased competition:
* Days on Market were down 16.8% to 73 days on average.
* Percent of original list price received was up 1.2% to 94.3% of asking price.
* The number of homes for sale was down 15.5%.
* Finally, the median sales price for a North Texas home wasup 9.7%.
If you’re considering listing your home for sale, now is the time to take action. To get started, visit the award-winning ebby.com.