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It is no secret that the real estate market is not what it used to be. It is more a buyer’s market than a seller’s market overall, because there are more homes for sale than there are qualified buyers. Surprisingly though, Dallas home owners are not willing to adjust their sales price to the lagging market. Dallas real estate prices have actually risen by about two percent over the last three months, while home sales have steadily declined. With an average home price listing of $235,130.00, potential home buyers can still get an excellent deal on Dallas real estate for sale.
New Information from Altos Research and Real IQ
According to a study recently conducted by Altos Research and Real IQ, the Dallas real estate market is in a good place when it comes to supply and demand. The number of homes for sale in Dallas, also called ‘inventory’, was “flat to down” over the past several months. This is good for sellers who are asking top dollar for their properties, as those in the market to purchase a home do not have as many choices. Additionally, the Dallas area currently ranks as fifth in the nation for cities with the shortest amount of time it takes to sell a pre-owned home with an average of only eighty-seven days on the market.
What’s For Sale in the Dallas Real Estate Market?
If you are a home buyer in the market to purchase Dallas real estate for sale, you will not be disappointed by your choices. At every price point, there are great single family homes, townhouses, and condos for sale to suit a variety of needs. There are also Dallas homes for sale in gated communities, which are increasingly popular as home buyers like the sense of security offered as well as the well-manicured look that a gated community promises. For under $200,000, a buyer can purchase a large single family home with several thousand square feet, multiple bedrooms & bathrooms, and nice upgrades such as ceramic tile and energy star appliances. A buyer who is willing to spend more in the Dallas real estate market will get more than their money’s worth in value. Estates for over one million dollars offer a luxurious living experience that is hard to beat in any other market with amazing details such as a gourmet kitchen with custom tile backsplashes, beautiful countertops and cabinetry throughout the home, cathedral ceilings, swimming pools and more.
Whatever type of home you are looking for, you are sure to find it in the Dallas real estate market. If you are relocating to Dallas, you will also be happy to know that the cost of living is over 7% below the national average, thus making this area an affordable place to call home. Additionally, recent job growth in Dallas has been positive and shows 2.08% increase with an unemployment rate below the national average. With these statistics, no wonder Dallas homeowners are still asking top dollar for their homes.
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