Some Highlights: Don’t forget to set your clocks forward this Sunday, March 8 at 2:00 AM EST in observance of Daylight Saving Time, unless you’re a resident of Arizona or Hawaii!
Dallas Preston Hollow Lack Of Inventory
Dallas Preston Hollow: Lack Of Inventory
Another great visual of a bad situation - depending on which side of the transaction you are on, that is. Either way you can see the inventory has been dropping since May 2011 in the Preston Hollow area of Dallas. Back then, there was over 11 months of inventory. At the end of December 2014, there were only slightly more than 3 months of inventory.
A normal or balanced market is described as having 6 months of inventory, therefore a market with more than 6 months would be a buyer's market (2011) and a seller's market having less than 6 months. Overall the scales tipped in October 2012.
In today's market, it takes breaking through the $5M+ market to tip the scales from a seller's market to a buyers market. Take a look at the overall numbers below.
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...
Click here for all the results
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