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Dallas Housing Market Update - The Rear View Mirror and the Road Ahead

 
 
Dallas Housing Market Update - The Rear View Mirror and the Road Ahead
 
Some days, I spend alot of time looking in the rear-view mirror...
when it comes to the economy and the housing market, we are continually analyzing data from the past, to help us be better prepared for what's ahead. 

So today, I'm going to share my look in the rear-view mirror at both the national and the local Dallas Housing Market to give you some perspective and insights, so you make better decisions about your real estate goals and investments. 

In my video, I'll discuss some key metrics for the national Housing Market, comparing 2020 to 2019 
(here's a hint... showings, loan applications, and sales of both existing and new homes are way up over 2019)

When we take a look at our local Housing Market through the lens of our Compass Market Trends report for Dallas/Ft Worth, I think you'll agree that we're doing even better than the national Housing Market.
In fact, we have been on a record-setting pace since June, and home sales each month since June have been double what they were for that same month in 2019.  

What does that mean for the road ahead?
Well, a rear view mirror isn't nearly as good as a crystal ball, but the Dallas Housing Market looks poised to remain strong through the end of the year and into 2021.
Buyer demand remains high.
Interest rates are still at all-time lows.
Prices remain relatively stable, with some upward trajectory. 
And the inventory shortage of homes for sale is very REAL.

We are working with 5 clients right now who know first-hand what it's like to be ready to buy a home, but there are no homes for sale with the features they want in the neighborhood where they want to live.
It takes vigilance, patience, and stellar strategies to get your offer accepted on the home you want to purchase. 

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If you need help navigating the road ahead in our Housing Market, if you're considering selling, buying or investing in real estate in the Dallas area, contact The Indigo Skye Group... put the strength of our team and our strategies to work for you!

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If you have questions or comments, I'd love to hear from you! 

As always, our team is here to answer questions and help any way we can. If you need information about how the market's doing in your neighborhood, or the value of your home, let me know!
Thanks so much for watching!

​Janelle
 
 
 

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