The Master’s weekend was a busy one for North Texas. The overall market activity rose by 2% and new homes on the market went up by 5%. Buyers putting homes under contract still represented 19% of market activity. This means 1 in every 5 homes on the market sells a week. We’re still seeing the inching up of “active homes” on the market.
As a Seller, if you are constantly coming up as the bridesmaid and not the bride – you need to evaluate price, location or condition of your home to get it to be the most attractive home on the block. Buyers are more educated than ever, with HGTV and TLC contributing to buyers wanting a home that is beautiful/move-in ready at a competitive price. For some of our Sellers, we have special financing options available that will give you a competitive edge vs the competition – look for us to be rolling this out on your home in the upcoming month.
As a Buyer, late spring brings the “Looky-Lou’s.” These are the buyers that don’t need to move, but for the right home they will jump all over it. Making a decision before school gets out will insure less of a bidding war versus what you will encounter in the heat of the summer market. Interest rates are inching up but are still competitive.
Happy Selling, the weather is going to make for a great week on offers and contracts.