What is happening in our Housing Market?
We are officially into the spring season now and there is a lot of optimism in our local real estate market. When the weather starts to warm up and the sun starts to shine people are eager to be out and about looking at homes. That means that there is a higher buyer demand for homes right now and that it is a great time to sell your home if you’re considering that because there will be many interested buyers. With increased buyer demand the pressure will be on to find and secure your next dream home, which is why it is key to work with an expert Buyer Specialist who knows how to secure properties. If you are looking to purchase a home our team also has access to a Private Portfolio of properties that are not publicly available to anyone other than our clients. In the average price range for Richardson ($200-250K) available inventory is 0.8 months worth of homes available if homes continue to be purchased at the current pace and no new homes are added to the market. In the average price range for Dallas ($200-299K) there is 1.3 months worth of available inventory.
Do not let the national news media be the only influence on how you feel about the current market because real estate is hyper local. Locally, we have one of the strongest housing markets in the entire country. That's something to be proud of. If you've been considering selling your home, now would make perfect sense with the low levels of available homes. Buyers do not have the luxury of waiting too long to shop around for fear that they may miss out on the home of their dreams. Combine that factor with an aggressive marketing approach like ours and it's no wonder that we're selling homes in a matter of days (and sometimes hours). This is great news for Richardson residents.Check out the links below to see all the exact numbers.
Click to view the Richardson Housing Market Report.
Click to view the Dallas Housing Market Report.
Todd Tramonte is an industry leading communicator about real estate, marketing, client experience and business best practices. Through expertise, education, and a results-oriented approach, Todd and his team at The Todd Tramonte Home Selling Team have one common goal: Provide the absolute most valuable expertise, counsel and direction through the home selling and buying process and ensure that it is fun by working as a team of experts each complimenting each others' strengths. Find other articles written by Todd.
