While the rain drought in the greater Dallas area appears to be over, the number of available homes for sale continues to dry up. Buyers who have been sitting on the fence for two years are finally in the market but are finding few homes for sale.
Many sellers we’ve talked to want to wait until the spring to list their homes. While conventional wisdom is that the spring is the best time to list, I’m going to argue that now is the time rather than waiting until the spring.
Why? It’s about supply and demand.
Currently we have high demand and low supply. Listings are up 2 percent but sales are up 17.3 percent. Homes are selling almost 9 times faster than they are being listed. Days on market are down to 61 days and the average sales price is up 2.5 percent year-over-year.
In the spring, conventional sellers will be listing their homes driving up supply.
Thinking about selling? This is one of the best times in years. Want to know your home’s value? Click here to get a free market analysis.
Are you looking for an experienced listing team? The Branch Team was named a 2012 Residential Real Estate Top Producing Team by D Magazine. Contact us at 214-227-6626.
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