DFW Home Sales Activity Report
(This report is compliments of: Toni Praznik; First American Title, Southlake, TX 76092)
Yellow indicates a Buyer’s Market - Indicated more than 7 months inventory
White indicates a Balanced Market - Indicated 5-7 months inventory
Blue indicates a Seller’s Market - Indicated less than 5 months inventory
Much of Northeast Tarrant County is indicating that through the end of September this year, it is a balanced market, meaning there is about a 5-7 month inventory of homes for sale. In a balanced market, the market doesn’t necessarily favor buyers or sellers.
However most of the mid-cities mainly Bedford & Euless is indicating it is a Seller’s Market, meaning there is less than 5 months of inventory. In a Seller’s market, the market favors the seller, and in most cases, the seller will be less willing to negotiate on price, because there is less inventory for the buyers to choose from.
Keller, Southlake, Colleyville, Trophy Club and Westlake are indicating that it is still a Buyer’s market in those cities, meaning there is more than 7 months inventory of homes for sale. In a Buyer’s market, the market favors the buyer, and it usually means there are more homes on the market than there are buyers, so the buyer has plenty of inventory to choose from. The sellers in a buyers market will most likely be more willing to negotiate on pricing.