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

Dallas Shifts to Buyers Market

Market Changes Open the Door for Home Buyers



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


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