Dallas, TX (PRWEB) August 02, 2013
The Real Estate Marketing Insider today announced its Real Estate Market of the Week, a title given to a major market with the most growth potential in the near future. This week’s Market of the Week was Dallas-Fort Worth, Texas, which celebrated inspiring sales numbers for the beginning of summer, according to a July 8 report in The Dallas Morning News.
According to the report, buyer demand has been on a sharp rise over the past few months. In the second quarter of 2013, home starts in North Texas were up by 32 percent, continuing an ongoing trend of rising starts numbers since 2011. Meanwhile, the year-over-year sales numbers for pre-owned homes rose 12 percent from June 2012. The second quarter home start total for Dallas-Fort Worth, numbering about 6,000, is the area’s highest quarterly total in five years. All of these numbers point to a strong recovery. Although the area still has a long way to go to reach its peak from before the 2007 market crash, experts anticipate that compared to 2012, this year will see about 4,000 more home starts. Furthermore, they expect that demand for homes will still be at its current high level.
REMI advises all agents to consider portfolio additions from the Dallas-Fort Worth area. Before the crash, this North Texas metropolis was one of the hottest markets in the nation, and rising sales and home-start numbers are signs that the market is on its way back. Agents who can land listings in the area now will find that even without much real estate website marketing, the level of interest in Dallas-Fort Worth properties is extremely high. The Insider believes that this interest will almost surely result in quick sales, tight turnarounds, and big commissions for realtors who can pick up properties in this quickly-recovering market.
The Real Estate Marketing Insider announced that it had named Dallas-Fort Worth, Texas, as its Real Estate Market of the Week. The title was given following reports of strong growth in the area for housing starts and existing-home sales.
About the Real Estate Marketing Insider:
The Real Estate Marketing Insider is an online journal covering the real estate market. REMI provides up-to-the-minute news, opinions, and analyses to real estate professionals, investors, and homeowners.