What an outstanding visual of the lack of inventory in the Dallas Uptown and Oak Lawn neighborhoods. Trending downward since April of 2011 when there were over 13 months worth of inventory on the market leading up to last month's figure (December 2014) of just over 2 months worth of inventory.
A normal, or balanced market, is considered to have 6 months of inventory. A buyer's market is one that has more than 6 months worth of inventory, and a seller's market is one with less than 6 months of inventory. Overall we can say that in the Uptown Oak Lawn area we are in a seller's market.
If you were to dig a little deeper and break out the numbers by price, you'd find that the lower price points are in even lower supply than the average of 2.3 months supply, and then the scales finally tip to a buyer's market when you look at the inventory of homes priced from $900,000 and above.
Now that you know that the time is right to sell. Let's get acquainted with each other, and your home. You can start here:
Curious about what all the hype is about? Take a look here at some of the area's homes for sale. Maybe find your next home...
You're excited about your next big move: You want to buy, build or sell a home in central Dallas, the urban heart of high-style Texas living. But you don't want to fight with paperwork or negotiate details. You just want a real estate agent who can.
I'm Matt Watson. I've worked with young professionals looking for upscale, uptown residences as well as empty-nesters looking to scale down and kick back. I've sold condos, townhouses, lofts, high-rises and homes (historic and otherwise) all over Dallas. And I know how to make your real estate purchase or sale easy and hassle-free.
If you're buying a home, I will:
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If you're selling a home, I will:
Price your property based on market conditions and your personal goals.
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As more and more baby boomers enter retirement age, the question of wh
"I would highly recommend Matt Watson for anyone wishing to sell a home or condominium. I utilized him to sell my condo in Uptown and he was truly an asset to the sale. I feel as though he has a very strong handle on the Uptown condo market in particular and truly understood the transaction from beginning to end. Prior to the sale contract arriving, he also had a ready and willing renter for the unit, so I was covered in the event the sale fell through. In this economic environment, I believe the sale of a housing unit (at a reasonable price, which mine was) is impressive, but particularly a condominium. Matt was recommended to me by a someone else that had sold a condo unit through him and I will most certainly be doing the same thing going forward."