Mary Beth Harrison with Dallas Native gives her thoughts on Culture Map’s article about moving...
“There are a lot of theories about the best time to buy a home. John Egan, with Culture Map, quotes stats from various entities stating spring is the best time to buy. Having been a Realtor for over 25 years, my experience shows me that buyers thankfully buy 12 months out of the year. Granted, there are more homes on the market starting in March and running through July but prices are also higher during those months. I get that seller’s with children want to wait until the school year is over to move and conversely, buyer’s want their children settled by the first of August to get ready for mid month start of school. Many of my buyer’s get the urge to buy a home before the holidays, purchasing in the fall months and some want to take advantage of their homestead exemption and purchase before the end of the year. Home prices are usually lower in mid fall and first of the year and a great time to get a good buy on a home.Needless to say, there is no one answer to “the best time to buy a house”. Whether you are tired of renting and paying the owner’s mortgage or need more or less space, or are relocating, anytime is a good time to make a move.”
Homeowners in Dallas-Fort Worth think that once spring comes around, it’s the best time to spring into action when it comes to moving.
A survey by Opendoor, which operates an online marketplace for homebuyers and home sellers, found 36 percent of DFW homeowners rate spring as the best season for making a move, while 30 percent favor the summertime. Meanwhile, 14 percent say any month is fine, 5 percent indicate the beginning of the year is best, and 3 percent say the time of year doesn’t matter.
In line with the survey results, May and June are the most popular months for home sales in DFW, with January being the least popular, according to Texas A&M University’s Real Estate Center.
That time of year appears to be getting even hotter for homebuyers and homes sellers in North Texas — or at least it was last year.
In May 2017, sales of single-family homes shot up 15 percent compared with a year earlier, according to MetroTex, an association that represents more than 18,000 Realtors in North Texas. For June 2017, it was 13 percent.
A December 2017 report from Owners.com, an online real estate brokerage, identified DFW as the fifth best market in the U.S. for home sellers. Austin was at No. 7.
Information and Photo Courtesy Dallas Culture Map and Duol.hu