North Texas Market Update- 2.5.18

    As a team we watch the Dallas/Fort Worth numbers on a weekly basis. Over the past two weeks we have literally been able to see the spring market start to heat up. If you look at SOLD and UNDER CONTRACT numbers over the past two week, you will see an interesting trend. We’re putting over double the amount home under contract than the homes that are selling each week. If you look at the number of homes coming on the market, we’re also putting double the amount of homes under contract than are coming on the market.

    This is what we call the sweet spot! It’s when the buyers all start looking for a home but the listing inventory hasn’t caught up yet. If you want to “beat” the buyer rush, make sure to get your home ready and on the market as fast as possible. If you aren’t seeing the number of offers on your home or number of showings needed for your home and you are actively on the market, this is a clear sign we need to be looking at condition or pricing of the home.

    As a Buyer, this means you still have leverage in negotiations because the flood of buyers haven’t hit the market yet, but please be mindful that we are still in a “seller’s market”. This also means that you may not encounter quite the number of multiple offers that we were seeing in the peak of summer which would allow you some negotiating room.

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