How COVID-19 Is Impacting the DFW Housing Market
If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the DFW market.
Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home.
* All stats have been pulled from Broker Metrics & NTREIS. These stats are provided for North East Tarrant County, South Denton County (Flower Mound, Argyle, Coppell, Trophy Club, Roanoke) and Coppell
Average Sales Price
Average Price Per Square Foot
Average Days on Market
(including option, contingent and kick out)
Our Selling Programs:
Want to bypass the traditional selling process? The Tosello Team will connect you a competitive, no obligation cash offer from an iBuyer for your home, so you can skip out on showings and move on your own time.
Get your home prepped for sale without the hassle or any out-of-pocket costs with a service provider.With most iBuyers and Cash Offer programs, you’re on your own to negotiate, and it can be difficult to determine the actual net proceeds you’ll earn from selling your house.
Our Selling Programs:
Make a winning, all-cash offer.
In the conventional home buying process, you need to sell your current home so you can purchase your next one. This leads to rushed decisions and unnecessary stress. Not anymore.
We have access to a program to get you the cash you need to buy before you sell so you stay in control.
We will market your house like crazy to generate the highest price in the shortest amount of time.
Sellers Are in a Sweet Spot
Why 2021 Is Still the Year To Sell Your House
If you’re trying to decide whether or not to sell your house in the Dallas/Fort Worth area, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.
Why is sellers sentiment up year-over-year?
The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand.
According to the latest data from the National Association of Realtors (NAR), we’re still firmly in a sellers’ market because housing supply is well below a balanced norm (shown in the graph below).
Clearly, the scales are tipped in a seller’s favor today. But while housing supply is undeniably low, the right side of the graph shows how the inventory situation is improving little by little each month as more sellers list their homes for sale.
As a seller, that means each month, buyers have more options to pick from. By extension, that means your house may get less buyer attention with time. Danielle Hale, Chief Economist for realtor.com, explains it like this:
“More homeowners continue to list homes for sale compared to a year ago… Notably, while new listings continue to lag behind a more ‘normal’ 2019 pace, the gap is shrinking. Even though homes continue to sell quickly thanks to high demand and limited supply, new listings are subtly shifting the balance of market conditions in favor of buyers.”
So, what’s that mean for you?
If you’ve been waiting for the perfect time to sell, there may not be a better chance than right now. Inventory is gradually increasing each month, so selling sooner rather than later will help you maximize your home’s potential.
If you’re planning to sell your house, 2021 is still the year to do it. The unique mix of low supply and high demand won’t last forever. Contact a local real estate professional today to find out what you need to do now to take advantage of this sellers’ market.
Your dream home awaits! We're here to guide you through the simple steps to a buyer's success.
Time For a Change?
Get excited about your next chapter! We bring patience, compassion, and calmness to what most consider an overwhelming process.
Read a few of our sellers' stories!
Ivan and Gil-li
The Banat's sold their home in 5 days for full asking price and moved to Florida.
Received 5 offers and sold for $15,000 over their asking price!