Posted by: Hewitt & Habgood Realty Group | May 1, 2019

Dallas Shifts to Buyers Market

Market Changes Open the Door for Home Buyers

4_EntryTall

 

Home buyers are feeling some relief as more houses begin to sell for prices closer to market value.

Values continue to rise but are doing so at a slower pace due to a rise in inventory.  A balance occurs when the supply (available properties for sale) increases faster than the demand (the number of buyers seeking to purchase properties). If you’re buying a new home, this shift may be the ideal time to make your move; while sellers can still benefit from healthy market-value returns in a strong and harmonious exchange.

A new report by Trulia says Dallas is one of the U.S. metro areas that is shifting from a sellers’ to a buyers’ home market.

Paige Shipp, Regional Director of research firm, Metrostudy Inc. explained that there is less urgency in the local home market; buyers are being more careful.

“Buyers that were paying more than what a house was listed for are now paying closer to market value,” Shipp said. “What we were doing before was not sustainable. We would have fallen off a cliff.” Shipp described the existing home-buying environment as a necessary and welcome reprieve. “The slowdown in appreciation is healthy,” she said.

At Hewitt & Habgood Realty Group, we believe that buying and selling a home is much more than a financial transaction. Clients trust our honesty and reliability and appreciate the specialized service we provide to buyers and sellers in any market. 

Check out our current listings or give us a call to find out how we can help you with your real estate needs. 214-752-7070

 


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Categories

%d bloggers like this: