I do not envy anyone looking to buy a home in Dallas in the near future. A recent report from the real estate website Redfin.com says that, in March, 14.4% of homes in Dallas sold within three days of hitting the market. That’s up 1.5% compared to last year.
What’s more, in February, 38.8% of homes sold within two weeks. That’s up from what was already a fast-moving market in February 2013, when that rate was 31.9%. Our continued population growth, and housing inventory that’s down 19.5% since last year have a lot to do with it.
Prospective buyers must prepare for war.
(H/T DMN)
