North Dallas Home Sales Up 67% From Last Year! Now is the Time!

If you just so happen to be innocently pondering where the market has been lately, I feel obliged to inform you that it is officially BACK! January home sales in North Dallas were up a whopping 66.7% from last year! This to kick off a year that follows a 2012 that saw a 25% in sales over the year before, the news just seems to keep getting better!

What does all this mean for potential sellers? The market is yours! If you're one of the thousands of owners waiting for the perfect time to sell, unsure of the climate and whether to expect getting a reasonable price point, the wait is over. A market that was marred by high interest rates and a surplus of inventory now flaunts some of the lowest interest rates on record and less than a three month supply of inventory as opposed to the six one can expect in an average climate. Conditions have set the stage where bidding wars become a normalcy and sellers confidently demand top dollar. Refer to the figure below for more details on this skyward trend.