[Photoa: iStock, Feverpitched]
“I started seeing things start changing the second week in January…where I was like, whoa!”
Joe Atkins Realty
.…on seeing a surge of recent home buyer interest in DFW, via WFAA.
After DFW median home prices spiked to $429,000 around the middle of 2022, they fell down to earth a bit in the year’s second half, dropping to $385,000 according to data from the Texas Real Estate Research Center.
Atkins told WFAA that has led to renewed interest lately—a sign that a cooled Dallas home sales market could be heating up again as interest rates have begun to dip too.
“I’m telling you I started seeing things start changing the second week in January…where I was like, whoa! Showing activities bumped up double, if not triple from a month ago,” Atkins told WFAA recently.
After posting a new listing for a home recently, Atkins saw instant response.
“We put it in at 9 a.m. this morning and there’s seven showings set up for tomorrow,” he told WFAA—adding that he also got “multiple cash offers” recently on a home listing that had shown little action over the holidays.
For more of who said what about all things North Texas, check out Every Last Word.
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R E A D N E X T
Read “who said what” in our roundup of quotes about all things North Texas, including ENO8's Jeff Francis; MyndVR's Chris Brickler and Ted Werth; Axxess' John Olajide; the Urban Land Institute's Ron Pressman; Dallas Mayor Eric Johnson; the Mavs Foundation's Katie Edwards; UT Arlington's Yi Hong; HomeUSA.com's Ben Caballero; ParkHub's George Baker Sr.; and more.
Caballero—a three-time Guinness Book of World Records holder for most current annual home sale transactions through MLS by an individual sell-side real estate agent—should know a thing or two about interest rates. And he says the recent spikes have got Texas home builders "scrambling."
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