Friday, June 5, 2015

Dallas Fort Worth Housing Market ranked among hottest Nationwide

The Dallas-Fort Worth area has the hottest housing market in the country, according to a new report by Analysts rated the top markets in April based on demand for housing and how long it takes to sell a property. “Sellers are seeing listings move between 29 and 49 days, more quickly than in the rest of the country and at an accelerating pace”

“Meanwhile, these markets are especially attractive to buyers, as listings are viewed two to three times more often than the national average.” So far in 2015, median single-family home sales prices in North Texas are up about 9 percent from a year ago. And the number of homes sold in the area so far this year by Realtors is 4 percent higher than in 2014.

The increase came even as the supply of properties on the market in the state dropped to an all-time low, according to a new report by the Texas Association of Realtors.