The numbers are in and they confirm that the North Texas real estate market is one of the most resilient markets in the Country. According to the MetroTex Association or Realtors, in the first half of 2012, DFW home sales exceeded expectations with June home sales 11% higher than for the same month in 2011. Patricia Mays, President of MetroTex, states “Closings for existing home sales have been notably higher since the beginning of the year. Existing inventory is low and is creating a very competitive market”. Mays goes on to say “If credit conditions loosen up more people could experience the dream of home ownership”.
Interviews with Collin County Realtors, Denton County Realtors and Tarrant County Realtors confirm that we are in the midst of the strongest real estate market in years. In the DFW real estate market we have incredible housing affordability conditions and historically low interest rates. With June’s inventory of existing DFW homes for sale 22% lower than the same month of 2011 very aggressive market conditions are beginning to arise. Homes that are priced right and show well are receiving a high amount showing, in many cases, we are seeing multiple offers submitted in a short amount of time. With very active market conditions this is a great time for both buyers and sellers in the DFW real estate market.