Dallas Housing Market Update: June 2024 🏡
Home prices are on the rise! Median sales prices have increased by 2-3% compared to last year. Assessed values may seem high, but the real increase is moderate. We're seeing more price reductions from sellers as the market adjusts. Interest rates are holding steady at 6-7%. While this slows the summer rush, it's still a great time to buy or sell if you know the right strategies! 💡
More homes are hitting the market each week, with some areas seeing a 30-35% increase! Sales have increased, especially from January to March, but have leveled out in April and May. Buyers are getting choosier, leading to more negotiations and price adjustments. Sellers are starting to adjust their expectations as the market shifts.
✨ What This Means for You:
Whether you're looking for a bigger house, a smaller house, a home in a better school district, or closer to your job, we've got you covered! Considering leveraging your equity to buy rental properties and build wealth? We can help with that too!
📞 Ready to make a move? Let's connect and get you started on your real estate journey. Reach out to us today!
indigoskyegroup@compass.com
M: 972-292-8209
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