Just because you are feeling optimistic about the health of our local real estate market doesn't mean anything without the data to back it up. Dive in here to confirm what we all are feeling... We are getting stronger and stronger!
From 250k to 450k, new highs across the board! This is the result of higher seller confidence, which is resulting in higher quality, move-in ready homes becoming available for purchase.
Color me baffled! No, it's not the the Sherwin Williams color of the year. The cause for bafflement is the lackluster number of homes put under contract in this last 10-day segment. It could be Memorial weekend or just the normal "ebb and flow" of Denton county buyer demand. All will be revealed by the next update, so let's watch for what happens next.
New highs from 150k to 300k! The demand for homes under 300k in Dallas county make this also one of the highest appreciation price ranges. Nothing pushes real estate values higher than overwhelming buyer demand!
Our market is super strong, even without ridiculously low-interest rates. The real problem is the dwindling supply of homes (see last post). Either more sellers need to understand the opportunity they have with current market scarcity or buyers need to embrace renovations and changes to the lackluster homes that are sitting on the market. Our blend of real estate and construction gives our buyers the power to transform the homes before they move-in. While we can't change the level of seller confidence, we CAN be proactive in turning the market leftovers into a Custom Perfect home. Want to know more? Read how custom homes can boost your lifestyle by matching how you do life.
Your Realtor for Life,
Broker & Texas Realtor
Lic # 0572885