You may have noticed that Dallas Fort Worth Home prices seem to be on the rise lately, but the big question is, “Is this permanent or temporary?” At Team Nelson, our Flower Mound realtors are well aware that the demand for luxurious homes in the Dallas area is far greater than the available supply – which means sellers can get more for their homes. The fact is, the longer you wait to purchase a home in one of the prestigious communities such as Highland Village, Frisco, or other areas known for upscale homes, the higher the prices will go. Another fact you should consider is that the supply is likely to keep diminishing, so you’re setting yourself up for disappointment if you don’t act soon!
Recently, in a Home Price Index report released by CoreLogic, a California based company, it was reported that in June, North Texas home prices had risen by 1.6% over the previous month. This trend is only expected to continue, according to chief economist for CoreLogic Mark Fleming, who said that while a return to moderation is expected to continue across the U.S., home prices will continue to rise. In fact, on a national level home prices are expected to increase by as much as 5.7% from June of this year to June of 2015! This is quite an increase, considering you might expect to pay nearly $12,000 more on a $200,000 home than you would currently.
If you are in the market for a North Texas home in the Dallas area, it is vital to work with a reputable real estate agent who has a finger on the pulse of the industry, knows where all of the available homes are, which are more suited to your tastes/needs, which are within your price range, and more. Considering the demand outweighs the supply, you need a realtor who will advise you of every suitable new listing as soon as it becomes available, helping you get in the door first!
Trust Team Nelson for all of your real estate needs! We believe in a personal approach, and will work diligently to help you find the home of your dreams at a price you can afford.