March 2012 - North Texas Real Estate - Quick Facts
Buyers are in - Sellers are out....
In an effort to keep things simple, here's a general update for the North Texas Real Estate Market.
What does this mean? Overall sales are flat, pricing is good and holding and active inventory across the board is down 28% or more. Of course, every area and neighborhood can have better results than this but what I can tell you is sellers are not putting homes on the market. That's why you see some homes go under contract very quick because the shopping inventory is not there, so some buyers will wait for their dream home to come on the market.
The economy has everything to do with real world real estate, so it prods along and things happen in many different ways and changes are slow, also an election year could be a reason sellers are staying put. Kind of a wait and see approach. Although your neighborhood might have better sales results the down active inventory situation is effecting the entire DFW region.