Is Our Market Slowing Down?

Is the central and north Texas real estate market slowing down? The Federal Reverse increased rates more than they have in 40 years. Interest rates have almost doubled since last year, and one out of four buyers can no longer qualify for a home.

Does this mean the market is slowing down? Yes, but the market is actually becoming normalized. We went from an extreme seller’s market to one that’s a little more normal. Homes used to get multiple offers and sell in days or even hours. However, now it takes a month or two to sell. So what we’re actually seeing is a pricing correction, not a market crash. The sky is definitely not falling and it’s still a great time to both buy and sell.

If you are thinking about selling and want to know what your home is worth, you can obtain a free home evaluation. You can also give us a call, and we can give you a more accurate estimate than an algorithm can. If you want to see what homes are for sale, you can also check that out on our website. Some of them aren’t even listed yet!

Of course, feel free to call or email us if you have any questions. We’d love to help.