Inventory is low due to high demand, so it’s a seller’s market. Many buyers flooded the market when interest rates decreased. A lack of inventory all over the nation has been the result, especially in Rockwall and DFW/surrounding areas. The incredible demand in Northeast Texas here lately has been making homes sell much, much faster, and at much, much higher prices than we could have ever imagined. It’s been a whirlwind! Some homes are being snapped up “sight unseen” — and even a great deal over the asking price. Buyers looking for a new home start to tire of putting in offer after offer, so they are becoming more savvy and upping the ante right off the bat to get the home they want, even if it means offering a great deal more than the listing price.
Home pictured here was listed six days ago. Two days later, it was under contract.
The peak selling season starts between April and July. If you’re contemplating selling your home, now would also be a good time based on the time of the year. Peak selling season typically kicks off in April and slows towards July and August. This makes sense, as summer is prime moving time when the kids are out of school.
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