Tarrant county has 6 out of the top 10 top ranking cities for the housing market. Benbrook ranked third, North Richland Hills-fourth, Bedford-fifth, Grapevine-seventh, Burleson-eighth, and Haltom City-tenth. There is no doubt among Realtors, buyers, and sellers, that this is a seller's market. However, there are some subtleties that we have noticed.
The housing market above $600,000 in Tarrant County has slowed down significantly. Homes above this price point are seeing higher days on market, fewer showings, and often times a price reduction or two.
Homes in the $300,000-$600,000 range are still selling fairly quickly, within about 15 days on average, but buyers are able to negotiate a little bit off the price. Just a few months ago, buyers in this price range were paying over list price or full price almost every time.
Anything below about $300,000 is the market that everyone has known for the past couple of years. Homes are going under contract and receiving multiple offers within the first few days. Buyers have to write a full price offer or higher if they really want the house.
These are subtleties that we can only notice with the variety and quantity of homes that we list and sell. Call The Story Team today if you are interested in buying or selling.
Source for Tarrant County Housing Market: Read more here: http://www.star-telegram.com/news/local/community/fort-worth/article139166018.html#storylink=cpy
Source for Price Range Differences: Ruth and Kati Story
Ruth Story Kati Story