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We've recently seen a shift in our market. The shift is that it is ON FIRE!! We've seen an increased level of home buyer activity which has lead to homes that we're marketing receiving record numbers of showings, multiple offers and contracts in a matter of days instead of weeks. Demand for homes in extremely desirable neighborhoods in Richardson, such as The Reservation, has reached a new high as well. Realtors working these areas have waiting lists of clients begging to be the first one called when something in that area becomes available. Due to the fact that interest rates have remained at historic lows and that the general feeling in the market has become more confident people are buying up the existing level of home inventory incredibly fast. In March, Richardson saw a 20% increase and North Dallas saw a 27% increase in sales over the year before. In the average price point in Richardson we currently only have 3.5 months of housing inventory available and Dallas has less than 5 months.
Now is the time to take advantage of the incredible opportunities that real estate in our city is providing. If you or someone you know are thinking of buying a home and want more information on how we've recently been able to get our clients into homes with SIGNIFICANT savings or are thinking of selling your home and want us to tell you how we recently sold a property in less than 9 hours we'd be happy to speak with you. Call us today at 214-216-2161.
Kenny Ochs
