The Dallas/Fort Worth area has seen a large increase in prices in the last few years. According to a study done at Texas A&M University, the southern Dallas County areas saw the biggest price increases with some areas experiencing price increases as high as 20 percent. Analysts say that they don’t expect this kind of growth to continue much longer. The prices of homes in the Dallas/Fort Worth area should level off soon, which will be a relief for those who are house shopping in the area. Inventory is still very low, however, with prices as good as they are, people are eager to put their houses on the market, and they are still selling very quickly.
According to the study done at Texas A&M there is currently about a two month supply of inventory in the Dallas/Fort Worth housing market. In most cases there is at least a six month supply. There have been several reports of sellers who get same day offers, and of buyers who have to settle for what’s available. While the housing market has been a dream for sellers it can be quite difficult for those looking to re-locate to Dallas/Fort Worth. Buyers have to spend a longer amount of time searching for the right home and in some cases they are buying one home while they continue to look for their dream house. Experts are expecting 2015 to be another banner year for the Dallas/Fort Worth housing market. Hopefully the next year will be a little easier for buyers as the prices for homes levels out and the inventory increases.