According to both market statistics and the experience of the Hewitt & Habgood Realty Group of Dave Perry-Miller & Associates, the home market in north Oak Cliff is hot.
The number of available homes on the market in is the lowest it’s been since June of 2008, and is down approximately 30% from the same year-over-year comparison from two years ago. The number of days on market for homes in Oak Cliff is back to where the market was in April of 2009, after spiking considerably higher in 2010.
“We’re finding that the market is definitely shifting from a buyer’s market to a seller’s market both in Oak Cliff, and throughout Dallas,” said Steve Habgood. “Because of pent up buyer demand and the very low level of quality available homes, houses that are priced right and presented well in good locations are moving very quickly. We’ve actually seen our Average Days on Market reduced down to 44 days from 77 days since last year.”
With interest rates at historic lows, now is an excellent time to be considering a home purchase
“We normally keep an inventory of available listings around 28-36 homes at any given time,” explained Kathy Hewitt. “Right now, our inventory is reflective of the market with only 23 homes, and 11 of those homes are currently under contract. If a homeowner in Oak Cliff is even considering selling their home, now would be an excellent time to do so.”
For more information on homes available for sale in Oak Cliff, please visit our website.
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