A tale of two markets

Logo for DFWCityhomes, a Real Estate Agency

Steve Brown’s Dallas Morning News article highlights difference in the below $300,000 market and the above $300,000 market.  Overall inventory is at its highest level in four years. Homes listed above $300,000 are selling slower.   One analyst says it’s an indication the market is beginning to turn. In my opinion, new construction is the key factor. You can’t build a new house that you would really want to live in below $300,000.  New construction inventory  is stabilizing the market at competitive price price levels.  It’s inevitable that lower priced homes will continue to appreciate at amazing rates as long as the cost of new construction is higher.

More homes on the market – The Dallas Morning News