Reports indicate an increase in available homes compared to the record lows of 2023. This could be good news for buyers seeking more options.
Data from the Dallas-Fort Worth area suggests the market might be moving towards a more balanced state, with a months’ supply of inventory potentially reaching 2.6.
Is this a sign of a potential shift? Don’t miss out on our weekly newsletter to stay updated on the housing market here in North Texas!
For this week’s video, let’s explore our newest listing in Rowlett, Texas.
Imagine waking up in your own private oasis – a meticulously crafted, NORTH-FACING custom home on a half-acre lot steps from the sparkling shores of Lake Ray Hubbard. Privacy is yours, with no neighboring homes and no HOA!
Click the orange button below to learn more about this stunning house!
📞For more information call us now! 214-307-8400
Our Hottest Listings
We have several listings coming soon in the North Texas area between $500k-$850k, between 1600 sq ft – 3700 sq ft. If this size home interests you, just email us or call us we’re excited to give you the info.
Market Update
🏡 For Sellers:
- Favorable Conditions: The rise in new listings, combined with increases in under contract and sold listings, points to a robust selling environment.
- Price Appreciation: The increase in cost per sq ft and a modest uptick in average sold price suggest continued market strength.
- Optimal Selling Time: With more homes selling quickly and at higher prices, now is a prime time to list and capture buyer interest.
🏡 For Buyers:
- Increased Options: A 16% rise in new listings suggests more choices, slightly easing the tight competition.
- Quality-Driven Market: Increases in cost per sq ft and average sold price continue to indicate a market that values quality.
- Need for Speed: Despite more listings, the faster pace of sales and decreased average days on market demand quick action and strong negotiation skills from buyers.
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This week’s trends reveal a dynamic market that is evolving with more listings and a faster pace of sales, beneficial for both buyers and sellers. Buyers have more options but must act quickly due to the quick turnover of homes. Sellers are in a strong position to negotiate favorable terms, given the rise in prices and reduced market time. The overall increase in market activity underscores the need for both parties to be adaptable and well-informed to navigate the current real estate landscape effectively.
Remember, every property and situation is unique. For tailored advice and insights into how these trends affect your specific real estate goals, feel free to reach out or schedule your free real estate consultation with us…
Stay informed, stay ahead, and let’s make your real estate dreams a reality in Collin County!
Have an amazing and fun weekend!
