Reduced Signs In The Dallas Housing Market

Reduced Signs In The Dallas Housing Market

What does it mean when you see a "reduced" sign in the Dallas housing market, you ask? 

According to a Trulia report, when you drive around the city, you'll notice there's about 14% of homes that now have this in their front yard. 

Dallas and San Antonio are the top Texas cities seeing more home asking-price reductions this Spring. Austin and Ft Worth also made the top 10 list of markets with price cuts. These four top Texas cities are where home sellers have been cutting back on their original asking prices.

"For-sale price increases remain strong, but sellers are still cutting prices to move homes off the market and doing so at an accelerating rate," Trulia analyst Felipe Chacon said in the report. "This suggests that if price cuts are predictive, home prices soon could flatten.

"On the other hand, accelerating home prices could just be making it more difficult for sellers to price their home right from the get go."

Chacon said some Texas sellers may have gotten ahead of where prices are headed.

"It is definitely seller overreach," he said. "Listing price growth has been slowed in all of these markets over the past two years.

"This slowing price growth may be causing sellers to 'overshoot' their mark and correct, or price cut, after listing."

Over the past couple years, the DFW Metroplex home prices have risen by one of the highest percentages in the nation. So far in 2017, area median home prices are up 13 percent.

Real estate agents say that some sellers may have over estimated the market - even with large recent price gains.

You can see a lot of price "reductions" in the North Dallas, Park Cities and Preston Hollow areas. 

"It's still a great market, but some people are having to rethink their prices."

For the full article, click here. For all your DFW real estate needs,

Selden Tual Headshot
Phone: 512-944-3121
Dated: May 18th 2017
Views: 251
About Selden: Selden is a native of Memphis, TN where he attended Christian Brothers High School. After high schoo...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Why Rent If You Can Buy - Home ownership rates are the
Number Of Buyers Putting Down Less Than 10 Percent Hits 7 Year High - According to Black Knight
The American Dream - Report: Homeownership Is a
Moving On Down The Road - When most people think of real

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Rogers Healy and Associates
4925 Greenville Ave. #360
Dallas, TX