Market Info

Sellers are taking advantage of DFW’s hottest sellers market since the 70s and buyers will pay the price in more ways than one. If you felt relieved to buy your home this spring only offering 10% over list price then don’t be surprised when the big bad tax assessor comes to town. Here are some things to expect and be better prepared for if you’re in the market.

Have you noticed the lack of houses on the market? Have you started to wonder when this will come to an end? Are you wondering where you will move to in 2021 and what homes will be available to you? Yeah I have been thinking about that too. Could new construction be the answer?

“According to the real estate information company Zillow, the median home value for the Dallas-Fort Worth metro area rose to around $256,000 as of June 2020. That was an increase of 2.4% from the same month a year earlier, by their estimation.

The chart below, created by Zillow, shows the median home value for the DFW area over the past year or so. As you can see, prices began to climb steadily in 2014 and followed that trajectory for several years. The company’s forecast for Dallas home prices is shown in the green shaded area.

In June, Zillow’s research team stated: “Dallas-Fort Worth-Arlington Metro home values have gone up 2.4% over the past year and Zillow predicts they will fall -1.9% within the next year.”

I wrote this article as a reaction and response to Logan Mohtashami’s piece on Housingwire.com earlier this year. He makes some interesting points on the U.S. housing market in the spring and summer of 2020. But how do his findings compare to the Dallas/Fort Worth market?