Taking the Temperature of the North Texas Housing Market

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Ebby Halliday Realtors give overview of competitive housing market in the Dallas-Fort Worth area.

There has been much talk in recent months about the robust housing market in North Texas. Competition among buyers for well-priced listings has become heated, with multiple offers on listed properties common in many area neighborhoods, according to Mary Frances Burleson, President and CEO of Ebby Halliday Realtors.

“With rising sales prices, fewer homes for sale and historically low interest rates, the spring of 2013 is shaping up to be the best time in a long time to sell a home in the Dallas-Fort Worth area,” Burleson says. “The latest numbers from North Texas Real Estate Information Systems make quite a compelling case for homeowners who are trying to decide whether now is a good time to sell a home in Dallas-Fort Worth.”

The latest numbers from the NTREIS show that there are fewer homes for sale on the market and the ones that are on the market aren’t staying there for as long as they used to. The numbers show a comparison of the market in March 2012 to March 2013.

In March 2013, the days on market were down 25.4 percent to 76 days on average. The month’s supply of inventory was down 33.6 percent to four months. The number of homes for sale was down 23.4 percent.

Closed sales were up 9.7 percent, while the percent of original list price received was up 1.7 percent to 94.4 percent of asking price.

For those considering listing their homes, Cynthia Lopez, a realtor with Ebby Halliday Realtors, can help them learn more about the real estate market and find out what their homes are worth. Lopez works hard for her clients, whether scouring the listings of homes for sale or researching the newest real estate trends. With over 20 years in real estate, Cynthia is an expert in both the residential and corporate real estate markets, giving clients a leg up no matter what their situation.

For first-time home buyers, Lopez and the realtors at Ebby Halliday can help make the process of purchasing a house for sale an easy one. They have provided information and resources to help answer any questions about the home-buying experience.

For more information, give Lopez a call at 214-504-1088 or visit http://www.cynthialopezdfw.com.

About the company:
Ebby Halliday, Realtors is the largest independent broker in Texas and one of the largest and most successful in the nation. That success is based squarely on tradition, trust and service. They have a tradition of exceptionally high standards and ethical conduct, both by the firm and by each and every Ebby Halliday, Realtors Associate. That trust has been established through fair, equitable business practices and honest, straightforward attention to the needs and desires of every client. Truly exemplary service is provided by the exceptional team of real estate practitioners who are “The Home Team.”

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Cynthia Lopez
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