Dallas Area Residential Real Estate Report

Tuesday, March 20, 2018

Why buyers need to act now, before interest rates increase

Buyers thought they could wait forever because rates were going to stay low forever are starting to realize that if they’re going to buy, they should probably buy now.
#interestrates #mortgagerates #buyeradvice #firsttimebuyers #realestate #mariesellsdallas

Richardson TX Neighborhoods - Arapaho East

If you would like to see the current listings and solds in this neighborhood Click Here
#Richardsonneighborhoods #richardson #real estate #homesforsale #mariesellsdallas

Dallas Area Residential Sales Report for February - Richardson TX

Sales in the Richardson area were up 9% in February compared to the same time last year. Sales prices have been moderating. The average sales price increased 4% while the median sales price rose 3%. Pending sales numbers are a little troubling down 9%. Buyers are having a hard time finding a home to purchase. The number of new listings fell 4% but the active listings climbed 63%. The active listings number is misleading in that it reflects how low inventories were last February. The real number to look at is the months of inventory which now stands at 1 month. It's a sellers market!

Sales: 73

Average Sales Price: $304,713

Median Sales Price: $278,000

Pending Sales: 94

New Listings: 98

Active Listings: 91

Months of Inventory: 1

Information provided by The Real Estate Center

#Richardson #richardsonrealestate #richardsonhomesforsale #mariesellsdallas

Pending

Monday, March 19, 2018

16 Things All Smart Homeowners Do Once a Year

It's just good maintenance

#homemaintenance #homeowneradvice #realestate #homesforsale #mariesellsdallas

This week in Amazon-o-mania: The HQ2 pick better come soon before more cities have second thoughts...

It's a little bit of be careful what you wish for and not in my backyard.

#amazon #HQ2 #dallas #realestate #mariesellsdallas

Some Good News for Spring Homebuyers

Jump in U.S. housing completions in February may help to ease tight inventory, prices

#homebuyeradvice #newhome #newconstruction #realestate #homesforsale #mariesellsdallas

Sunday, March 18, 2018

TV Terrors: 7 Ways Real Estate Reality Shows Created Nightmare Sellers

Photo by Supon Phornirunlit / Naked Decor

Somewhere along the way, these programs have created DIY monsters out of homeowners who think they can easily replicate what they see on TV. The result? A property that's nearly impossible for brokers to market and sell.

#selleradvice #decorating #sellerinformation #realestate #mariesellsdallas

Designing The Luxury Kitchen of Tomorrow Today

With the trend toward open-floor plans, the kitchen sets the stage for all the other design decisions in the home.”

#kitchendesign #kitchenremodel #realestate #mariesellsdallas

Saturday, March 17, 2018

Dallas Area Residential Sales Report for February

Sales remained strong in January up 10%. The average sales price rose 4% while the median sales price climbed 6%. Pending sales are a little troubling being down 4%. The number of new listings declined 1% but the active listings rose 6%. The months of Inventory came in at 2.7 months. With 6 months considered a balanced market, we are tilted heavily to the sellers side.

The sweet spot in the market continues to be the price range between $200,000 and $399,999. This range represents 51% of the total sales. The Months of Inventory from $100,000 to $249,999 is less than 2 months. Above $500,000, the market is tilted to the buyers side with the Months of Inventory above 6 months. If you are looking above one million, the market favors you with a 15.9 months supply.

Sales: 7,188

Average Sales Price: $298,501

Median Sales Price: 248,000

Pending Sales: 8,467

New Listings: 9,888

Active Listings: 17,529