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."
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