Sellers are now receiving many offers over the asking price according the Dallas Business Journal.
And, sellers are starting to add demands to the price, such as waiving appraisals and inspections.
One realtor observed that he has never seen a market like this before.
The median home-sale price in dfw is up nearly fifteen percent over just a year ago.
Housing inventory in North Texas is at just at a 1 month supply. That’s down nearly 60-percent from just a year ago.
According to a report from realtor RE/MAX, the swing to a seller’s market is happening nationwide.
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