Over the past few months, Dallas has seen a substantial increase in new home demand, which is great news for the city and surrounding areas! Currently, new home sales are up 14% from the same time in 2011. Much of this growth has been attributed to an increase of jobs in the metropolitan area and individuals wanting to live within close proximity to their employer.
In addition, real estate experts are estimating the current lower inventory may result in higher prices as consumer demand is currently higher than the number of properties currently available on the market. To help overcome this, new home developers are working overtime to meet the demand.
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Interested in learning more about what homes in Dallas are worth? Take a look at our Dallas Real Estate Market Report.