Dallas home sellers will be happy to know that in the Dallas-Ft. Worth area, the real estate market is very good indeed! In fact, according to Case-Shiller Indexes prices on homes in the area are up 6.8 percent from just one year ago. This is definitely exciting news for those living in the Flower Mound, Frisco, and Denton communities wanting to get a good price for your homes.
According to a 20-city survey conducted by Case-Shiller, home prices were up 9.3 percent on average across the nation. Case-Shiller also indicates that homes in the area are just slightly below where they were prior to the 2008 recession and subsequent housing market crash. Still, quite a rebound from the way things looked a year ago!
As a seller, there are plenty of reasons potential buyers will be in search of homes in North Texas. For one, the Texas Workforce Commission reports that with more than 326,000 jobs added over the past year, Texas is #1 in job gains! With an unemployment rate of 6.4%, our state’s rate is considerably below the national unemployment rate of 7.5%, even more good news.
Standard & Poor’s David Blitzer recently reported that “Despite some recent mixed economic reports for March, housing continues to be one of the brighter spots in the economy.”
Oh – and one more thing: Frisco and McKinney are listed as two of the 15 fastest growing cities in the U.S. today according to the U.S. Census Bureau!
At Team Nelson, our Frisco real estate agents know that over the past five years, there has never been a more opportune time for sellers. Inventories are low, quality homes are in demand. All of this great news only goes to show that the real estate market in North Texas is robust and active. Contact us today, and let us find the perfect buyer for your home!