After months and months of rising home prices, there appears to be some signs of market softening. According to Steve Brown, real estate writer for the Dallas Morning News, more than 14% of homes on the market in DFW have been “Reduced” in price. Why is this? Is the market turning and becoming a “buyers” market?
Brown is not convinced that we are entering a “buyers” market. His belief is that homeowners have simply overestimated their home’s value hoping to get top dollar. Home prices have risen in the DFW area and are up 13 percent this year. Home owners appear to be wanting to capitalize on these increases. Brown notes that the DFW and San Antonio markets are experiencing similar issues and it is becoming difficult for families to price their homes from the get-go.
If you are looking to sell your home, please consider using a competent real estate professional to help guide you in this process. Have your realtor develop a comprehensive plan, including an area comparative market analysis which is critical to your success. I have been involved in many transactions and I know how important it is to accurately compare all the home sales within a mile radius to find the exact value your home is worth.So, if you would like to sell your home, please give me a call. I have been very successful selling homes at their top value and would love to help you.
I look forward to talking with you.
Beth Brake
Owner/Team Lead
Performance Driven Excellence