WFAA
The housing market in North Texas is seeing a record-setting boom that has some buyers frustrated, some sellers celebrating, and the real estate industry wondering if the good times will slow down anytime soon.
DALLAS -- North Texas is home to one of the hottest housing markets in the country.
Wanda Charles, an Ebby Halliday real estate agent with the Wanda Charles group, loves it.
“It is maybe, perhaps a once-in-a-lifetime opportunity,” she said.
But she says each new deal starts with a disclaimer: “What I explain to my clients is that it is fun to sell and it is not fun to buy."
WFAA
Wanda Charles
Her associate, real estate agent Beth Groenewald, says if you’re looking in this market, you either buy it or say goodbye to it.
“Jump on it, because it is not going to be here five minutes from now. It’s gone," she said. "You don’t have to love it; just like it.”
Part of the reason why is that there’s only about a two-month supply of homes for sale in the DFW area. In a normal market there would be six months’ worth of supply.
So demand is crazy, and home sale stories like this one told by Groenewald are becoming common: “It went on the market Friday night, and I had four offers in my inbox Saturday before 8 a.m. -- and we hadn’t had any showings."
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