Is it still a buyer’s market today in Dallas? As experts in the Dallas real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no.
Is Dallas Fort Worth Still a Buyer’s Market?
It depends on the property type and location.
Single-family homes in desired locations throughout Dallas – Fort Worth are in hot demand, especially when the home is appropriately priced. While some houses spend more days on market, properties in other areas seem to fly off the shelves.
Selling a Single – Family Home in Dallas Fort Worth – LOCATION, LOCATION, LOCATION
Buyers for single-family homes are often looking for the same thing:
- Access to Transportation: Since many Americans are commuting to and from work on a daily basis, buyers tend to flock to homes conveniently located within close proximity to major freeways.
- Great Schools: When home shopping, buyers use online tools (such as Zillow and GreatSchools.org) to look for houses in highly rated school districts.
- Nearby Shopping: Convenient local shopping is often a “must” on buyer’s want-lists.
Properties that deliver all the above are definitely a hot commodity. In fact, in today’s real estate environment, sellers with a highly desirable property are in control of the market.
Selling a Condo or Townhouse in Dallas Fort Worth
In densely populated areas throughout the US, condos and townhouses are still in hot demand. However, in the Dallas Fort Worth metroplex these types of properties tend to stay on market for longer periods of time. Multi-family homes that are a little off the beaten path, have high HOA’s, and those that are a little quirky tend to sit.
Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Kennedale market in unique ways. In general, investors and buyers with all cash offers are scooping up the good deals in the marketplace. While some sellers are testing the waters and listing with inflated prices, most investors are walking away from deals that don’t pencil out.
Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It can be, but we can help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once. We’re investing in Dallas because we believe in the community and the people here.
If you need to sell a property near Dallas, we can help you.
We buy properties like yours from people who need to sell fast.