We’re seeing a slight softening in the higher price points. We’re still in a Seller’s market, but can see signs that we are moving towards a Buyer’s market. The number of homes going under contract is lowering some, so if you are looking to move up, now is the time to start maximizing on lower interest rates, higher price home for the sale and a more competitive price on the purchase. Once the market starts a full swing towards a buyer’s market, it’s likely we will see interest rates rise which will drive down buyer purchasing power to move up. We’ll continue to keep an eye on the market, the job prospects is helping to buffer the North Texas market from other outside factors like Hurricane Harvey and this unusual weather season.
For our builder clients, fine attention to detail, floorplan and strategic “wow” factors are emotionally driving buyers to pull the trigger.
