Wanna know the number one question I get as a real estate agent right now? Hi there, Jenevieve Croall here, with JLUX Homes Realty Group, and the number one question I am getting is, “How’s the market?” Well, you may have heard…The housing market is crazy, and I’m here to update you on a few things happening right now in our areas.
Currently, more buyers exist than available homes. Several market trends are helping drive the strong demand for homeownership in DFW. First off, mortgage rates remain at historic lows. Also, Americans forced to work from home in the pandemic are seeking larger homes and more millennials are now entering the market. Additionally massive amounts of out of state buyers are relocating to DFW.
These demand dynamics, combined with the ultra-low number of homes for sale, sets the stage for a fiercely competitive home-buying season this spring.The lack of supply in the face of strong demand continues to push prices higher and higher. The average price of an existing Tarrant County home sold in February was 19.2% higher compared to February 2020 and 13.7% higher compared to last in Denton County!
So my question to you today is,Would you be interested in selling if you knew you could get the best price for your home?”If your answer is yes, or even maybe, now is the time to have a conversation. My team and I offer a complimentary consultation where we will go over a market analysis for your specific area and price range. These reports are up-to-date and reliable, unlike automated reports done on popular websites you may have seen advertised.
To find out what your home is worth in today’s market, click the link below or give me a shout. And if this message doesn’t apply to you, but you know someone who could benefit, please share this information with them or feel free to contact me to make an introduction. We are here to serve.Until next time….