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Selling your Dallas-Fort Worth home? Get a free home value report. Buying a Dallas Fort Worth home? Get full MLS access here.
Today we are going to give you a bird’s-eye-view of what’s going on in the Dallas/Fort Worth market and the surrounding areas.
Everyone is always asking us whether we are in a buyer’s or seller’s market. I can tell you for certain, today, that we are 100% in a seller’s market. We have extremely low inventory and huge demand from buyers.
If you’ve been interested in selling your home for a while, how does this affect you? Well, right now, your home is going to be worth a lot. We have seen price increases of up to 15% in the last few years. If you want to cash in on that equity, now is a great time to sell.
What does this mean for buyers? Yes, it’s going to be a little more competitive when looking for a home. However, you also have the advantage of historically low interest rates. If they were to rise just a single percentage point, your affordability would be affected by 10%! That is a huge decrease in buying power. If you are out buying in this market, you’ve got to be aggressive and decisive, because inventory is low.
If you have any questions for us, feel free to give us a call or send us an email. We look forward to speaking with you soon!
