The American Dream of home ownership is alive and flourishing in North Texas!
Steve Brown reported in the Dallas Morning News on January 8th, 2018, that home prices shot up 9% and real estate agents sold over 106,000 preowned family homes, eclipsing by five percent, the all-time high of home sales set in 2016!
Additionally, home sales have risen by more than 60% in the last 8 years.
The Dallas-Fort Worth Metroplex has consistently driven the North Texas real estate market and according to Paige Shipp, Regional Director at Metrostudy, a Hanley Wood Company, the resale market has more room to grow, both in sales AND demand! She states that as the median price increases, appreciation and sales pace will slow.
This is very good news indeed, for not only existing homeowners and investors, but for those who have yet to enter the still affordable and buoyant North Texas real estate market.
Mortgage interest rates are still at historical lows, presenting an excellent opportunity for many first time home buyers to still find their "forever" home.
As of December 2017, the median price of a single family home is now $250,000, an increase of 8% from a year earlier and townhomes/condominium prices are not far behind, at $236,250. This bodes well for existing home owners and prospective new ones too, because there is continuing stability and growth in the North Texas housing market. This will protect their investment and allow it to grow it at a pace that cannot be duplicated if their funds were locked into a CD or a savings account.
The only area in the housing market that did decline was in houses that were listed for less than $180,000 because there was not enough inventoryof homes at that price point as there was in the past.
A good real estate agent will find you a home to buy or sell, but a great REALTOR® will understand the changing market statistics, combined with your requirements, financial ability and your needs and wants, and apply experience and guidance, insuring that your investment is as secure and protected as much as possible.
If you are considering selling your home or buying one, I want to be your go-to person.
Craig Dellio REALTOR®
Rogers Healy and Associates
Author:Craig Dellio Phone: 972-821-6957 Dated: January 10th 2018 Views: 242 About Craig: Craig Dellio was born in Toronto, Canada, into a family where selling was a part of life.
View our latest blog posts in your RSS reader. Click here to access.
Ashton is a born and bred Texan and TCU graduate with a real passion for helping people achieve their goals. Real estate became the perfect career to combine this passion with her strengths in research, marketing, communication and construction. Ashton’s specializations are in residential buyer and seller representation and residential investment properties, but she has experience in new construction, leasing and property management and farm and ranch properties. While she calls Fort Worth home, Ashton has worked is areas stretching across the Metroplex from Weatherford to Dallas. As they say, have license, will travel. Ashton is also an Accredited Luxury Home Specialist and Certified Negotiations Expert and holds her Graduate Realtor Institute certification through the Texas Association of Realtors. Outside of her career, Ashton enjoys being active and outdoors, volunteering with various organizations including DFW Labrador Retriever Rescue and Susan G Komen, and traveling whenever she can.