Business News
Get ahead of the spring home market
Mary Frances Burleson, president and CEO of Ebby Halliday Realtors
By Steve Smith
What was once considered real estate wisdom -- the ideal time to list your home for sale is the traditional spring selling season -- may no longer be true for North Texas homeowners.
"Year-over-year home sales for December indicate that now may be the best time in a long time to list your home for sale," says Mary Frances Burleson, president and CEO of Ebby Halliday Realtors. "The latest numbers from North Texas Real Estate Information Systems make a very compelling case for those sellers who would like to get a head start on their potential competition."
A few of the highlights from the NTREIS numbers for December 2012 vs. December 2011 include:
- The median sales price for a North Texas home rose 9.2% to $161,000.
- The average list price rose 4.7% to $226,801. That's in addition to an 8.2% increase in 2011.
- Days on Market were down 20.9% to 85 days on average.
- Percent of original list price received was up 1.7% to 93.1% of asking price.
- Months' supply of inventory was down 34.3% to 3.9 months.
- The number of homes for sale was down 23.5% to 26,890.
- New listings were down 2.7% from December 2011, to 5,765 homes.
- Finally, pending sales were up 8.1% to 4,652 homes.
"Taken together, these numbers paint a very clear picture," Burleson says. "The time to list a home for sale in North Texas is now. My advice is simple: Don't delay. Take advantage of our robust housing market today."
If you're considering listing your home, call an Ebby Associate to learn more about the real estate market in your particular neighborhood and to find out what your home is worth in today's market. To find the right agent for your residential real estate needs, visit the Web site voted one of the industry's best by the Web Marketing Association, ebby.com.
Dallas-based Ebby Halliday Realtors is the largest independently owned residential real estate company in Texas and ranks 12th in the nation. The 67-year-old company, with approximately 1,500 sales associates and staff in 25 area offices, participated in almost 16,000 property transactions in 2012 with a sales volume of approximately $4.8 billion. Ebby Halliday is one of the oldest and most respected full-service residential real estate firms in the country, offering brokerage, leasing, mortgage, insurance and title services. To learn more, visit ebby.com.
"Year-over-year home sales for December indicate that now may be the best time in a long time to list your home for sale," says Mary Frances Burleson, president and CEO of Ebby Halliday Realtors. "The latest numbers from North Texas Real Estate Information Systems make a very compelling case for those sellers who would like to get a head start on their potential competition."
A few of the highlights from the NTREIS numbers for December 2012 vs. December 2011 include:
- The median sales price for a North Texas home rose 9.2% to $161,000.
- The average list price rose 4.7% to $226,801. That's in addition to an 8.2% increase in 2011.
- Days on Market were down 20.9% to 85 days on average.
- Percent of original list price received was up 1.7% to 93.1% of asking price.
- Months' supply of inventory was down 34.3% to 3.9 months.
- The number of homes for sale was down 23.5% to 26,890.
- New listings were down 2.7% from December 2011, to 5,765 homes.
- Finally, pending sales were up 8.1% to 4,652 homes.
"Taken together, these numbers paint a very clear picture," Burleson says. "The time to list a home for sale in North Texas is now. My advice is simple: Don't delay. Take advantage of our robust housing market today."
If you're considering listing your home, call an Ebby Associate to learn more about the real estate market in your particular neighborhood and to find out what your home is worth in today's market. To find the right agent for your residential real estate needs, visit the Web site voted one of the industry's best by the Web Marketing Association, ebby.com.
Dallas-based Ebby Halliday Realtors is the largest independently owned residential real estate company in Texas and ranks 12th in the nation. The 67-year-old company, with approximately 1,500 sales associates and staff in 25 area offices, participated in almost 16,000 property transactions in 2012 with a sales volume of approximately $4.8 billion. Ebby Halliday is one of the oldest and most respected full-service residential real estate firms in the country, offering brokerage, leasing, mortgage, insurance and title services. To learn more, visit ebby.com.
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