DALLAS, TX – If you’re planning on buying or selling a home in the DFW area you most likely will have noticed by now that Dallas Home Prices are rising fast especially in Southeast Dallas, Kaufman, Cedar Hill and Ellis Counties.
Why are home prices in Dallas going up so fast? The reasons why we are seeing prices increasing quickly across Dallas include:
Low inventory – Right now home inventory is the lowest that it’s been in the Dallas area ever. In communities like: McKinney, Wylie and Grapevine were seeing a 1 to 1.5 month home inventory when typical home inventory should be about 6 months.
High Demand – Thanks to a low mortgage interest rates we’re also seeing more buyers on the market than ever before and with more buyers competing for homes this drives up prices and makes it more difficult when new buyers come to the market.
Huge Investor Demand – Last of all, but most important, investors are also driving up home prices in the DFW area especially in areas where home prices are still moderately priced when compared to the rest of homes in the DFW market.
Strong Start to 2016 But
Although we’re experiencing a strong start to 2016 the second half of the year is really going to tell the tale when it comes to what’s really in store for the DFW Real Estate market.
Many experts are predicting that we will see another slowdown in the local Real Estate market and this could be tied to the crash of the oil market that’s been hitting the Houston Area hard but, with historically low mortgage interest rates that keep getting lower there’s the real possibility that we will see more action from the Fed to stimulate the Real Estate market and keep the economic recovery moving forward.
Get Dallas Home Prices
Learn more about Dallas Home Prices by contacting me, Heath Olinger, Realtor® with Rogers Healy and Associates by calling me at (972) 523-1389 or CLICK HEREto connect with me online.
Author:Heath Olinger Phone: 972-523-1389 Dated: February 24th 2016 Views: 823 About Heath: Growing up in Tarrant County and later moving to Dallas County, Heath is well versed in the Dallas-F...
View our latest blog posts in your RSS reader. Click here to access.
Rogers Healy and Associates Real Estate is a DFW based residential and commercial real estate company that was founded in 2007 by Rogers Healy. RHAdfw is passionate about developing long lasting relationships with clients while representing them to buy, sell or lease any home in DFW.