Tag Archives: Inventory
Local Market Monitor Report Echoes Optimism of Realtors, But We Want to Know What Area’s Aren’t Growing Like Crazy
The Local Market Monitor Report for the Dallas, Plano, and Irving areas calls the real estate market “Low Risk.” This is echoing what we’ve heard since November — prices are up, homes are on the market for a 30 to 60 days, inventory is low.
Dear Candy: Thinking about selling my house. I have been told that inventory is incredibly low on my type of house: 6600 square feet, built in 07, area 11 (North Dallas), price probably $1.45 – $1.49.
I know that with inventory so low, it is mighty hard to find homes out there. The new thing is to find a home BEFORE it hits the market! If you are looking in Preston Hollow, very close to St. Mark’s — we are talking roll out of bed and you are in your classroom — here is a 5900 square foot beauty with five bedrooms, five and a half baths, great pool and spa, one-third acre, newer than new, and only $1,250,000. Might be listed next week, unless you want to buy it first! I LOVE that master bath!
Really nice piece here in the New York Times explains why we are beginning to see home prices creep — I said CREEP — upwards, even in markets like Phoenix and Las Vegas: lack of inventory. It’s a very similar situation here in parts of Dallas, mostly the Park Cities, Preston Hollow, and Lakewood: hip pocket is becoming a mainstream word, as agents clamor for listings. There’s just not enough to go around for several reasons:
State of the 2012 Dallas Real Estate Market: Projected 2% Decrease In Prices. Rentals? Sky’s The Limit
So. It’s 2012 and we have been at this for what now, three years? Our market first started feeling the pinch about 2008. Texas is like the caboose on a long train: we are the last to fall off the cliff.