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  • Recent Home Prices and Demand in Dallas - Fort Worth

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    Walter Bialas
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    Over the last two years, Dallas - Fort Worth added more than 130,000 jobs. With little home building in the works, this has resulted in strong demand for home resales. Pricing and volume are up, There is limited supply available, which is driving demand for the available homes, with stores being common of paying more than the asking price and multiple bids for the rights homes in the right neighborhoods.

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    Over the last two years, Dallas - Fort Worth added more than 130,000 jobs. With little home building in the works, this has resulted in strong demand for home resales. Pricing and volume are up, There is limited supply available, which is driving demand for the available homes, with stores being common of paying more than the asking price and multiple bids for the rights homes in the right neighborhoods.

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    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    6 просмотров1 страница

    Recent Home Prices and Demand in Dallas - Fort Worth

    Загружено:

    Walter Bialas
    Over the last two years, Dallas - Fort Worth added more than 130,000 jobs. With little home building in the works, this has resulted in strong demand for home resales. Pricing and volume are up, There is limited supply available, which is driving demand for the available homes, with stores being common of paying more than the asking price and multiple bids for the rights homes in the right neighborhoods.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 1

    Dallas Fort Worth

    March 28, 2013

    Chart of the week

    The price of two years of growth and 130,000 new jobs


    Closed sales 25,000 20,000 15,000 10,000 5,000
    Days on market
    100

    Avg. Price $250,000

    $225,000

    $200,000

    $175,000

    $150,000

    2007

    2008 Dallas

    2009 Tarrant

    2010 Collin

    2011 Denton

    2012

    2007
    Yr-end inventory 30,000
    25,000

    2008

    2009

    2010

    2011

    2012

    Dallas

    Tarrant

    Collin

    Denton

    90 80
    70 60

    20,000

    15,000
    10,000 5,000

    2007

    2008
    Dallas

    2009
    Tarrant

    2010
    Collin

    2011
    Denton

    2012

    2007

    2008 Dallas

    2009 Tarrant

    2010 Collin Denton

    2011

    2012

    Source: North Texas Real Estate Information Systems; Jones Lang LaSalle

    Over the last two years, the Dallas Fort Worth region led the nations recovery in new jobs. This demand has fueled a vibrant residential re-sale market, with sales almost back to their 2007 levels for the regions core counties. Average home pricing is also ahead of the 2007 boom. Pricing is 7-8 percent ahead of the 2009 low point, with Dallas County seeing more than a 15-percent rebound in average home prices over the last few years. Even more telling is that days-on-market are at record lows and limited inventory was available for sale at year end. Reports from buyers are becoming common that winning bids are above the asking price for the right home in the right location.

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