When you talk about the housing market, one thing that you have to take into account is the “months of supply”. In other words, the number of homes for sale and the rate at which they sell giving you the number of months of housing inventory. One of the reasons that the Dallas Housing market has faired so well in avoiding declines in prices is due to keeping our home inventory levels low.
Dallas has close to a 6 month supply which is excellent compared to the national average of 11 months. Areas like Florida have inventories as high as 30 months which makes it easy to understand why prices have dropped so low. Dallas real estate has weathered the storm and continues to show its strength.
If you wonder whether now is a good time to buy then answer is a resounding yes. Prices will only get higher if you wait to buy a home. Please feel free to call us at 800-326-9011 so we can help you find your dream home and negotiate the best price on your behalf. You may also email us by clicking here.
Visit Real Estate Center at Texas A&M online for more excellent resources and information about the Texas Real Estate and Housing Market!
Tags: Housing Market
This entry was posted on Sunday, April 6th, 2008 at 8:40 pm and is filed under Dallas Fort Worth, Home Buyer, Housing Market, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.