As fate would have it, the tiny anomaly in the market last week landed one of our buyers a house $25,000 under appraised value and one of our sellers 3 offers on their home, when every single other home is sitting instead of selling in their neighborhood. We love it when that happens.
Take a look at where our market is compared to 2015 – 2016 – 2017 – 2018. Because we track the stats weekly, we can go back and compare the same week compared to previous years. Below you will see that in 2015, we had 59% of the market activity we have today. We can also see that our market started peaking in 2016 – 2017 in the number of under contract homes and that we are still selling a large number of homes compared to 2015.
As a buyer, you have 25% more homes to look at than you did exactly one year ago. As a seller, we are only running 2-4% behind number of homes under contract or sold versus the previous year. This is why we feel it’s such a great time to take advantage of the market. Just make sure to watch traffic and competition so that you aren’t pricing yourself out of the market.
This is a good sign for North Texas as we head into peak selling season in Q2-Q3 this year.
Have a great week!
Seychelle & The Van Poole Properties Team
