We’re Definitely a Sellers’ Market

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Posted on 24th July 2015 by Grand_Homes in Dallas Real Estate |Grand Openings |Groundbreaking |Homebuyer Tips

ZillowBlog

You hear it so often lately; another company is relocating to Texas. More and more people are finally realizing our state has more to offer than saloons and barbecue (although we do love our saloons and BBQ). In fact, as of 2014, Texas was home to 103 Fortune 1000 companies, three of the Top 10 largest Cities (by population) in the U.S., eight professional sports teams and a beautiful coast line.

texas-tortilla-chip-in-tomatillo-soupPlus, can we all agree that the shape of our state is just perfect?

Does any other state have chips in the shape of their state?

But, I digress.

A few large companies have recently announced their relocation to the DFW area and this area has “ranked first [in the country] in the rate of job growth and third in the number of jobs added,” according to the Bureau of Labor Statistics.

With the influx of residents in DFW, we are now considered a sellers market. This means now is the best time to sell a home here because there are more consumers than inventory. Zillow recently listed DFW as the 5th Best Market for Sellers on their blog. Here is how this rating was determined: “Zillow’s spring analysis of buyers’ and sellers’ markets across the U.S. looked at how long homes spend on the market, how likely they are to have had a price cut and how much they sold for in relation to their listing price.”

This dilemma leads to bidding wars and the seller tends to earn more than asking price on the home.

The full Top 10 Sellers’ Markets list includes:

  1. San Jose, CA
  2. San Francisco, CA
  3. Denver, CO
  4. Seattle, WA
  5. Dallas-Fort Worth, TX (HEY, that’s US!)
  6. Los Angeles, CA
  7. Portland, OR
  8. Sacramento, CA
  9. Nashville, TN
  10. Boston, MA

Read Zillow’s original blog HERE

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