low home inventory in dallas fort worth area

#LOW HOME INVENTORY IN DALLAS FORT WORTH AREA ZIP#

The residential real estate market in the Dallas metro area has held very strong-much stronger than we’ve experienced even in recent years. What’s the outlook for DFW residential real estate into 2021? Here’s his take on the state of the residential market. Still, with the uncertainty in the economy, Westrom says, “innovation and adaptation are the keys to success” right now. Along with DFW’s lower cost of living, which housing affordable for many buyers to get more space and land, Westom said, “there’s plenty of family activities, a diverse nightlife, and an amazing food scene.” “We’ve experienced less unemployment compared to other cities across Texas,” he said. Westrom attributes the Dallas-Fort Worth activity partly to increasing job opportunities.

#LOW HOME INVENTORY IN DALLAS FORT WORTH AREA ZIP#

Īccording to Opendoor data, ZIP codes in Southeast Arlington (76002), McKinney (75072), Watauga (76137), Arlington (76001), Saginaw (76179), Fort Worth (76120), Corinth (76210), Keller (76248), White Settlement (76108), and Frisco (75033)-saw the most interest with actual in-home visits to its owned properties from prospective buyers during the four months of June, July, August, and September 2020 These hot DFW ZIP codes are seeing a flurry of activity, according to Opendoor data. Tarrant, Arlington, Frisco, and Denton were some of the hottest spots in the region for home shoppers, according to the data. Opendoor also released the most popular neighborhoods for homebuyers in Dallas-Fort Worth in early November. While summer is traditionally the peak season for residential home sales in the U.S., a few markets, including Dallas, are still very active, according to Westrom. The region also boasts entrepreneurial opportunity and ranks as one of the best places for college graduates to start a careerĪn Opendoor survey in August indicated 53 percent of people said the pandemic influenced their decision to relocate. “Dallas is extremely business-friendly and is one of the largest corporate headquarters concentrations for a variety of industries,” Westrom said. Why the flurry of activity? Mainly because Dallas is a highly desirable place to live, especially for people focused on business, he says. Market indicators are continuing to improve, even though they typically start slowing this time of year, he said in a recent interview. Westrom, Texas General Manager at Opendoor, sees that continuing into 2021. Prices have increased, and homes that were once in your budget may no longer be.The residential real estate market in the Dallas region has held strong, says Chris Westrom.

Align your expectations with the market.

Make it a point to know the highest price that is going to be financially comfortable for you, and maintain discipline. In conditions such as these, desperation can fuel decisions that have lasting implications. This is a great opportunity to work with your Realtor to identify where in the transaction you can make your offers stand out. Have a game plan that will help you compete.If you’re considering buying in these areas, here are a few things to consider:

The report also suggests that inventory levels aren’t expected to increase in these cities any time soon. Here are the North Texas cities that made the list, along with where they ranked in the top 20:

North Texas cities grabbed 6 of the top 20 spots, illustrating our market conditions in comparison with the rest of the country. Further cementing this notion is a recent report from Forbes, highlighting the top 20 cities in the US with low housing inventory.

Low home inventory in dallas fort worth area