Hot North Texas Real Estate Market Changes With Season

(PRWEB) December 24, 2014

The housing marketplace in North Texas is refusing to let up in the hot properties that are however accessible, as home buyers are choosing several weeks off from the housing marketplace to observe the holiday season by making use of their families. Berkshire Hathaway HomeServices PenFed Realty Texas reports that seasonal variables are eventually changing the housing marketplace in North Texas with fewer dwelling sales, however buyer demand is still driving costs upward, showing that houses in this area are among the latest commodities even during the holiday season.

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Based on a December 8 report in The Dallas Morning News, which mentioned data from the Real Estate Center at Texas A&M University as well as the North Texas Real Estate Information Systems, the area found slower home sales in November. About 5,994 preowned single-family homes were sold throughout the month, which was essentially unchanged from October and down just 1 percent from November 2013.

A big factor in the slow down has been the lack of stock, as home buyers have yet to let up on demand. The median house price has been helped by the desirability of houses in North Texas to grow by 12 percent in November, which is the typical speed of increase for this particular marketplace.

“There are all those great communities and great houses here,” says DD Flynn, VP of Advertising for Berkshire Hathaway HomeServices PenFed Realty Texas. “It is not a surprise that home buyers are still vying to get in here even through the holidays. We are expecting the powerful demand will entice home owners to check the marketplace again.”

Inventory has always been an issue for home buyers, and has kept North Texas contractors working around the clock. In November there were about 18,461 single-family homes for sale, which is less than a three-month supply. With an ultimate bloom in stock after the vacations are over anticipated, economists are expecting to another quite profitable year for the North Texas home marketplace.

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Click the link for a 60-second Fort Worth house marketplace upgrade.

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About PenFed Realty , LLC



PenFed Realty, LLC, fully possessed by PenFed (Pentagon Federal Credit Union), is a full service real estate company with a yearly sales volume over $ 2.8 billion; functioning PenFed members along with the general public. Over 1,700 top notch sales professionals work out of PenFed Realty’s 50+ offices to provide complete real estate services!

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PenFed Realty is an independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.

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About Berkshire Hathaway HomeServices



Berkshire Hathaway HomeServices, located in Irvine, CA, is a property brokerage network constructed for a brand new age in residential property. The network, among the few organizations entrusted to utilize the world-famous Berkshire Hathaway name, brings to the property marketplace a certain symbol of integrity, trust, stability and longevity. Berkshire Hathaway HomeServices in early 2014 was named “Real Estate Agency Brand of the Year” by consumers in the 26th annual Harris Poll EquiTrend(registered company) study of the greatest real estate networks. !

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Irvine, CA-based HSF Affiliates LLC runs Prudential Real Estate, Berkshire Hathaway HomeServices and Real Living Real Estate franchise networks. The business is a joint venture of which HomeServices of America, Inc., the country’s second-biggest, full service residential brokerage firm, is a majority owner. HomeServices of America is an affiliate of world-famous Berkshire Hathaway Inc.

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