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With Prices Going Up, It’s The Perfect Time to Sell Your Dallas Home!

A recent NBC News report indicated that while it’s not a “bubble” just yet, home prices are surging in recent months. Over the past year, home prices have been going nowhere but up, which means it’s the perfect time if you’ve been considering selling your Frisco or Flower Mound home.

Through June, home prices have climbed 7.7% according to data on price gains. What does this mean for you, as a homeowner? Buyers are snatching up homes left and right, before prices go even higher! Here’s a little data on home prices from around the nation:

Overall, the biggest gains have been seen in the West Coast housing markets. According to a report issued by the Federal Housing Finance Agency, states such as Washington and California saw a 17% rise in home prices over the previous year.

In Arizona, Nevada, and the surrounding Mountain region, home prices jumped a whopping 11%. The smallest increases in home prices were seen in the Middle Atlantic region in states including New Jersey and New York.

Potential buyers have shown a huge interest in previously owned homes, given the fact that in July of this year, sales rose by 6.5%, the fastest pace in 3 1/2 years according to the Realtors report.

The median price of previously owned homes in July was $213,500 according to the National Association of Realtors, an increase of 13.7% through the first 7 months of this year.

While this is all great news if you’re looking to sell your Dallas home, interest rates continue to rise which means higher borrowing costs could potentially price some buyers out of the market.

Another good piece of news: We all know that the availability of credit tightened substantially when the market crashed in 2008. Now, there are signs that lenders are loosening up a bit, good news for borrowers whose credit standards may not be perfect.

Thinking of selling your Dallas area home? At Team Nelson, we’re always up-to-date on the latest news in the housing market. Now is the perfect time whether you’re a buyer or a seller, so contact our Flower Mound real estate agents today!

What People Are Saying

  • Great experience; Bill and his team were:
    attentive to detail
    very responsive
    easy to work with
    seamless in their approach
    I would recommend Bill and his team to friends and family. I would also most definitely utilize Bill and his services in the future. A+ to Bill and company!

    mb3897 Avatar

    We loved everything about working with The Nelson team. Everyone is friendly and genuinely cares about their clients. They sold our home and found us our new one. We recommend them to everyone and we will definitely use them again in the future if we decide to move again.

    Kristi DeCarlo Avatar
    Kristi DeCarlo

    She closed for us and it was a difficult sale , not her fault but the fault of a previous mortgage agent. My wife and I love her and her work. Infact, she is in the process of representing us in a new house purchase. Ahsan Raza

    ahsan h raza Avatar
    ahsan h raza
  • We just closed on our home this morning. FYI they were are 3rd realtor, and should have been our first. The pictures and the virtual reality tour they put together on our 5200 sq ft house were very professional and brought us several serious buyers. We have a complex sale that they navigated with us every inch of the way and provided expert professional guidance throughout the process. They were highly recommended by a local builder as a excellent realtor who could save us some money while providing superior service and they definitely delivered on both. Thanks again Bill and Kelly who worked extremely hard for us.

    Michael Christopher Avatar
    Michael Christopher

    The Nelson Team made our most recent move a pleasure by securing a full asking price offer on the home we were selling within a few days, helping us preview a number of potential new residences in a short time period, connecting us with a lender who moved at an incredible rate of speed, and effectively negotiating with the seller to deliver an excellent value on the home we purchased.

    Greg Smith Avatar
    Greg Smith

    Tara McClendon is awesome! with her knowledge and local connection she found me a perfect place that I call home!
    She is responsive and understands your needs and tries to accumulate.

    Definitely recommended.

    danielelkadi Avatar
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