With rising sales prices, fewer homes for sale and historically low interest rates, spring of 2013 offers potential home sellers the ideal conditions to sell a home in the Dallas-Fort Worth area. Competition among buyers for well-priced listings has become heated, with multiple offers on listed properties common in many area neighborhoods, according to Mary Frances Burleson, president and CEO of Ebby Halliday Realtors.“The latest numbers from North Texas Real Estate Information Systems make a very compelling case for those homeowners who are trying to decide whether now is a good time to sell a home in Dallas-Fort Worth,” says Burleson. A few of the highlights from the NTREIS numbers for March 2013 vs. March 2012 include:
* Days on Market were down 25.4% to 76 days on average.
* Months’ supply of inventory was down 33.6% to 4 months.
* The number of homes for sale was down 23.4%.
* Percent of original list price received was up 1.7% to 94.4% of asking price.
* Finally, closed sales were up 9.7%.
All indications are now is not just a good time, it’s a great time, to list a home for sale in North Texas! My advice is simple: Don’t delay. Take advantage of our area’s robust housing market today!!!
Dallas-based Ebby Halliday Realtors is the largest independently owned residential real estate company in Texas and ranks 12th in the nation. The 68-year-old company, with approximately 1,500 sales associates and staff in 25 area offices, participated in almost 16,000 property transactions in 2012 with a sales volume of approximately $4.8 billion. Ebby Halliday is one of the oldest and most respected full-service residential real estate firms in the country, offering brokerage, leasing, mortgage, insurance and title services.