How does this year’s real estate market compare to last year’s real estate market?
Theresa Mason, MiG Real Estate[/caption]Theresa Mason, MiG Real Estate
“There are many similarities between the current 2017 real estate market and the market that we saw in 2016. In the DFW area, we are seeing home prices continue to increase, limited inventory and eager buyers. Interest rates have risen slightly this year, but not to the degree that was predicted at the end of 2016 and certainly not enough to negatively affect buyers’ purchasing decisions.”
Chris Minteer, The Minteer Team[/caption]Chris Minteer, The Minteer Team
“The real estate market in Tarrant County is very similar to last year’s market. With low inventory it makes it a great time to sell a house. Home values have increased 11.3 percent over last year, which gives sellers the opportunity to cash out on their investment. For homebuyers, summer is a great time to start the search. We typically see more homes come on the market during the upcoming summer months, giving buyers a good selection to choose from.”
Sophie Tel Diaz, Sophie Tel Diaz Realtors[/caption]Sophie Tel Diaz, Sophie Tel Diaz Realtors
“Thanks to the relocation of many companies to our area, we are experiencing a strong real estate market. The proximity of the international DFW airport plays a strong role as well. Texas has three of its market areas included in the top 10 strongest real estate markets in the U.S., and the Dallas-Fort Worth area is one of them. The price range up to the mid-$500,000 is moving fast and experiencing multiple offers. The higher-end properties are experiencing longer days on the market compared to 2016. With the rise of interest rates, if you are looking at buying, whether upsizing or downsizing, it makes sense to act sooner than later.”
