Dallas Real Estate Market Reports Instill Confidence in 2011 Recovery

October 22, 2010 by · Leave a Comment 

2011 Dallas Real Estate Market Recovery

Dallas Real Estate Market News
Dallas Real Estate Recovery

The Dallas real estate market is showing positive signs with many reports hinting toward a recovery in 2011.  Dallas home inventory has decreased to a more balanced level, pending home sales are increasing, and home sale prices are steadily on the rise. These are just a few of the variables needed to bring a wounded real estate market back on its’ feet. The Dallas real estate market is on the right track with consumer confidence increasing and home sales reports showing positive signs of stability. 1st time home buyers, repeat buyers, and investors are jumping off the fence to take advantage of the buyer’s market before interest rates rise and inventory decreases.

Dallas Morning News recently reported Dallas pre owned home sales increased 12.38% in August compared to 2009. Many of the areas surrounding Dallas also experienced an increase in existing homes sales over previous year transactions including Fort Worth at 14.9%, Irving at 20.32%, and Garland at 20.77%.Although home sales are up and confidence has increased, but home sellers are still weary of placing their home on the market. High foreclosure and short sale inventory is still plaguing the entire U.S. market including the DFW area. Home sellers are still unable to compete with low dollar per square foot selling prices on bank foreclosures including FHA, VA and REO short sales and auctions. Sellers are waiting for home values to rise and foreclosure inventory to fall to avoid selling their most valuable investment at a loss.
The Dallas Fort Worth real estate market is on the road to recovery, but there is still a long way to go with many obstacles to overcome. One thing for sure is, the U.S. real estate market is improving, consumer confidence is increasing, and Dallas is one of the top markets leading the way!

Dallas Real Estate | Fort Worth Real Estate

DFW Urban Realty provides residential real estate solutions in the Dallas Fort Worth Real Estate Market with focus on homes, townhomes, condos, lofts, high rises and apartments.  For more information on market conditions and trends on real estate in Dallas and real estate in Fort Worth, contact DFW Urban Realty.
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