The Dallas Real Estate Market is the biggest boom in all of Texas right now!
I love being a Dallas Real Estate Agent come rain or shine! Truth be told, I have always loved being a REALTOR® since I became one 7 years ago, but the market is crazier then ever right now! I love it even more in these challenging times. It keeps getting busier, and busier every month. This means that business is better then ever for me, and most likely every real estate agent feels the same way who has an active client looking to get in on the action.
Dallas saw the largest record number of home sales in the first quarter of 2021! Out pacing Houston, and Austin! DFW sold 22,499 homes from January to the end of March. While Austin had the biggest price increase in homes sales being $398,000 on average, and Houston having the biggest year over year of 17.6%.
Texas has seen a statewide price increase of 13.4% from this time last year.
As Dallas leads the way, it should come to no surprise that analysts predict an even stronger second quarter for Dallas! With inventory being down across DFW by 58% from 2020! This will continue to drive prices even higher, but then again more homes have to come onto the market. Or more homes have to be built.
I personally work for some of the biggest home builders, and developers in Dallas! However, they represent a small fraction of homes entering the market for sale. Mega builders like David Weekley, American Legend, Toll Brothers, and Highland Homes are all facing challenges for this increased demand. Inventory is low across the board. Huge price increases in construction supplies like lumber, limited labor, COVID restrictions, and simply not enough current development all lend hand to this struggle. More and more new homes sites are having to be be pushed further north or simply having to be developed. Which takes many years of planning.
2021 should see more of the same, but with an uptick in inventory. Regardless, Dallas is the place to relocate to if you can find that special dream home for you and your family.
I truly am blessed to be one of the Top Selling Real Estate Agents in my office. I still have a lot of work to do in order to be one of the Top Producing Real Estate Agents! This Real Estate Boom is helping me out tho! I am going to put my nose to the ground, and hustle the best that I can. Call me for all your buying, and selling needs!
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