North Texas New Homes Selling At A 41 Percent Premium Over Resale Homes

Dated: 10/21/2016

Views: 129

Lisa Birdsong New Construction Specialist

The Dallas-Fort Worth market area is leading the nation in new home construction in 2016. The growth and strength of conditions is expected to continue in 2017, as North Texas draws more and more attention from corporations moving their headquarters to the area. 

But this growth is not without its frustrations, home buyers are seeing new homes prices at all-time high with no relief in sight. Interest rates, while still low today, are expected to rise early next year. However, the new construction pricing could be beneficial for sellers, as the gap widens between buying a new home or a resale home. 

"The price disparity between new and resale homes is the highest we've ever seen, with new construction selling at a 41% premium compared to existing home sales". - Jeff Myers, Dallas Builders Association, on North Texas housing market.

If you'd like more information about buying or selling real estate in North Texas, please contact us. We specialize in over seven counties and are prepared to help you capitalize on today's market conditions.

Blog author image

Lisa Birdsong

Top 1% of Texas Real Estate Teams; McSam Realtor of the Year, 2016; Certified Residential Specialist, CRS D Best Realtor, 2016, 2017 Castle Hills Realtor Advisory Board, 2016; Windsong Ranch Real....

Latest Blog Posts

How To Buy A Home With Zero Money Down

No down payment? We have a list of homes in Dallas-Fort Worth area that qualify for 100% financing through USDA program. The criteria is specific, but we have lenders to help you determine

Read More

Lease To Own The Home Of Your Choice

The path to home ownership is easier than you think. There are numerous loans available to assist you, but if those don't meet your needs then we have another option for you. And it's affordable.The

Read More

Housing Starts Tumble In July

Homebuilding in the U.S. took a downward turn in July as housing starts declined 4.8 percent, falling short of analyst expectations, the Commerce Department said on Wednesday. Year-over year,

Read More

506 Connemara Celina TX For Sale

POOL HOME ON SPECTACULAR CUL-DE-SAC LOT BACKING TO GREENBELT & CREEK!  See more pictures and information here: Offered exclusively by Lisa Birdsong Group |

Read More