More Than One In 10 Dallas Area Houses Sells Within 72 Hours

More Than One In 10 Dallas Area Houses Sells Within 72 Hours

If you plan to sell your house this spring, you’d better be ready to move. More than one in 10 houses that are put on the market in the Dallas area have a buyer within three days of the sign going up, according to a new report by Redfin.com. And almost 40 percent of Dallas-area houses sell within two weeks, the Internet real estate marketing company reports.

In Austin, more than 20 percent of houses are under contract to sell within the first three days of listing.The fastest selling market is Denver, where more than 27 percent of houses sell with 72 hours of hitting the market.On average it takes 60 days to sell a house in North Texas.But local real estate agents say many houses go much quicker.“From what I hear, this is true for most areas in and around Dallas and North Texas,” said Becky Connatser with Dave Perry-Miller & Associates. “We’re also still seeing multiple offers on lots of properties.”This spring’s Dallas home market is even more frantic that last year, agents say.“It’s insane,” said Scott Schueler with Keller Williams Realty. “They are moving super quick.“Sellers price it at the top end of the comparable sales and still get multiple offers, beyond anyone’s expectations.”

The number of houses for sale by real estate agents in North Texas is down about 12 percent this year from 2013. And last year was one of the tightest housing markets on records.At the end of March, there was only a 2.6-month inventory of preowned houses listed for sale with real estate agents – less than have the “normal” rate in North Texas." Steve Brown, Dallas  Morning News 

This number is far greater in the Frisco, Plano, McKinney and Allen areas.  Houses have multiple offers in hours and are selling way over asking price.  I wrote eight offers for one client before getting one accepted.  Seller's have gotten picky and are even expecting buyers to forego a home warranty, pay for title policy and to waive their right to terminate even if the house doesn't appraise.  My last accepted offer was $20k over list.  Luckily, it appraised.  Until more sellers are ready to sell or the pent up demand by buyers lessens, the prices will continue to rise, the bidding wars will remain and houses will continue to sell in less then 24 hours in our area.

Sherry M. Cabrera,
 Realtor®
JP & Associates, Realtors
1700 Tennyson Parkway 
| Suite 170 | Plano, TX 75024 
tel (214) 454-6969


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Sherry Cabrera Headshot
Author:
Phone: 214-454-6969
Dated: April 29th 2014
Views: 868
About Sherry: Sherry was raised in Mississippi and moved to Dallas 16 years ago with her daughter. Prior to movin...

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JP And Associates REALTORS
6175 Main Street #355 Frisco Texas 75034
Frisco, TX
972-375-9448
4692875503

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