August Market Update
North Texas Real Estate Information Service Reported:
Although low supply and tight credit standards are still hurdles, housing affordability is still historically high. North Texas inventory levels fell 11.2 percent and prices forged onward with the Median Sales price increasing to 7.1 percent.
What does this mean to you? Now is the time to purchase a home in Texas before prices go up higher and availability of financing decreases!
Text or call 214-789-1076 to learn of available homes!
Sunday, August 31, 2014
Friday, August 8, 2014
Increase in North Texas New Home Sales
Prices are Rising and Inventory is Down
Shortage of existing homes available to purchase has resulted in a jump in new home sales in North Texas. Those new build homes inventory is also very tight.
New home sales rose by 10% in the second half of the year, compared to last year, June 2013 vs. June 2014. Residential Strategies report stated that "The housing market remains vibrant in the D-FW area."
Existing homes in the same areas have seen less days on the market and increased prices, resulting from the housing shortage.
"Buyers and Real Estate Agents are feeling the effects."
Shortage of existing homes available to purchase has resulted in a jump in new home sales in North Texas. Those new build homes inventory is also very tight.
New home sales rose by 10% in the second half of the year, compared to last year, June 2013 vs. June 2014. Residential Strategies report stated that "The housing market remains vibrant in the D-FW area."
Existing homes in the same areas have seen less days on the market and increased prices, resulting from the housing shortage.
"Buyers and Real Estate Agents are feeling the effects."
Subscribe to:
Posts (Atom)