“The Way I See It……”
Take a look at the study below. I particularly believe that we will feel this leveling out begin once our current inventory is about two thirds absorbed. From the stats I see, that should be in about the middle of 2010. In the meantime, get out and buy something if you can…..remember, you make your profit on the “buy” and not the “sell.”
As always, let me know your thoughts.
Vicki
So many folks are asking “what’s up with this market”? Well, it is great for those people who want to buy everything “on sale”!!!
The flip side is this…..they have to recognize that if they have a property to sell, it will also be “on sale”.
In other words, your particular home is not the ONLY property in the DFW market that is not losing anywhere from 10 to 20 percent of its value over the last couple of years!
Be realistic when manuvering in this market. If you don’t really have the stomach to sell or don’t absolutely have to sell, then wait it out until the inventory becomes more absorbed. The way things are looking from my lastest review of the Preston Hollow/Park Cities and surrounding markets, for example, there is nearly a 2 year supply of inventory at the current absorption rate. Yikes!!!
Rates are great!! If you’re a buyer or a “move-up” buyer, let’s take advantage of this opportunity 
!
Vicki
214-526-1848
Hi there. I’m getting alot of questions about the current market in the Dallas and Park Cities area. If you have a specific question or comment about our local real estate market, I would love to hear from you.
