Market Update – May 19, 2020 – Dallas-Fort Worth Real Estate

Market Update 3.19

Market update: For the first time in 2020, North Texas had a week of over 5,000 contracts written.

For the two weeks following the lifting of the shelter in place order, this puts us at an average of 103% YOY in contracts written compared to 2019. Contrast that to the sellers willing to put their home on the market, and we’re averaging 87.81% of 2019 numbers. What does this mean? 

These numbers mean two things: 

1. Sellers need to know that there are safe ways to list and sell their home. 

That’s exactly why we reinvented our business 6 weeks ago to create the Safe Seller Program. It’s designed to limit foot traffic to only the most qualified and serious buyers while driving heavy screen and eyeball traffic to maximize sales prices. Honestly, we’re loving our new system so much that we may never go back to the way we did home selling before!

2. There are more buyers looking to purchase than sellers going on the market. 

As a group of tenacious agents, we scour the market for homeowners looking to sell to our buyers. For the sellers that are willing to list their home on the market, they are benefitting from more qualified and serious buyers as we ramp into summer. This may be a short lived trend, but certainly one to take advantage of if you are looking to make a move. 

Don’t forget to join us this evening for our Virtual Home Seller Workshop. 

We’ll unpack these numbers and will discuss design trends, best ways to prep your home, and how we are safely getting top dollar for our clients. You can register for the workshop HERE

Happy selling!
Seychelle & team

DFW Market by the Numbers

Market Stats 3.19

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