2017 so far has been a great year for Dallas real estate. Housing demand has increased significantly, mortgage rates have remained affordable, and the government has already started delivering on its promise of infrastructure development. According to Realtor.com, the number of active listings has increased from 1,343,000 in January 2017 to 1,582,842 in July 2017, which is indicative of a strong housing demand.
But has Dallas managed to match the pace at which the national real estate industry is growing? Will it continue to progress at an unprecedented rate and offer more lucrative opportunities to both homebuyers and sellers?
Here’s a quick account of how Dallas real estate market is expect to behave in fall 2017.
1. Sellers will be In the Housing Market’s Sweet Spot
Whether you are relocating for work to another state or you are looking to make a move into a larger home, the fall of 2017 should be a favorable time for you to enter the housing market and list your home for sale.
The Dallas real estate market has experienced an 10 percent year-to-date increase in average listing price in the first nine months of 2017 and the trend is expected to continue for the remaining three months as well. So, you can expect to get a good return on your real estate investment. Just a small tip: prefer a higher offer over a quicker closing!