Home Inventory Has Declined Nationwide Except In The DFW Area

Home Inventory Has Declined Nationwide Except In The DFW Area

By Heath Olinger

DALLAS, TX. – With summer right around the corner, and warmer weather already here, the inventory of available homes has dropped in many cities and states, except of course for the DFW area, Austin and San Antonio where we’ve seen an increase in inventory over the last year.

Buy A Home in The DFW Area

The real estate and rental marketplace found that, nationally, inventory is down (nearly 3 percent) and home values are up (6.9 percent, their highest since June 2007). This combo signals another competitive home shopping season.

In Texas markets, our home values are certainly rising, but so is the number of homes for sale.

Dallas-Fort Worth has 4.1 percent more homes on the market, and they're valued at 11.1 percent more than they were this time last year. That's among the top three increases in the country, second only to Seattle and Tampa.

The home values in San Antonio and Austin might be a little calmer — 6 and 7 percent, respectively — but the inventory is some of the highest around, with San Antonio at 16.4 percent higher than last year and Austin at a whopping 24 percent more.

With its 3.1 percent increase in available homes, Houston is well ahead of most of the cities in the study, even if its 4.5 percent home value increase is below that of the national average.

Homes are actually scarcest in Minneapolis-St. Paul, while Las Vegas is right behind No. 1 Austin for its abundance of homes.

Search for Homes in Downtown Dallas

To get started with searching for homes in Dallas TX, or elsewhere in the DFW area, contact me, Heath Olinger, Realtor® with Rogers Healy and Associates by calling me at (972) 523-1389 or click here to connect with me online.

Heath Olinger Headshot
Phone: 972-523-1389
Dated: January 18th 2018
Views: 139
About Heath: Growing up in Tarrant County and later moving to Dallas County, Heath is well versed in the Dallas-F...

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Rogers Healy and Associates
3001 Knox Street #210
Dallas, TX