The local real estate market is constantly shifting, and staying informed of the changes can make a huge difference for you as a homeowner. If you’re looking to buy or sell property, understanding the current market trends can help you make an informed decision. Here’s a look at what’s happening with our local real estate markets of Denton County, Collin County, and Wise County in April 2023.
Local Real Estate Market Update: April 2023
Navigating the Local Real Estate Market
Current Real Estate Trends
Fresh stats are in and the usual upswing in the real estate market is indicating that spring is definitely here. Mortgage rates are still holding and it’s a great time to make a move!
Supply and Demand
New construction is still strong and there are a lot of incentives for the right buyers. That being said, there are also more and more opportunities coming available in the pre-owned market with motivated sellers that want to make their move before the summer hits.
What You Can Do
If you’re on the hunt for your dream home or want to list your existing home on the market, there are some things you can do to maximize your chances of success:
hire an experienced real estate agent who can guide you through the process; of course, we’d love to help you.
understand what comps (comparable homes) have recently sold for in your area so you know what your asking price should be; we can help you with that as well.
keep an eye on interest rates—they could rise at any time; we can share a few awesome mortgage brokers with you for the most up-to-date rate information as well as loan options.
act quickly when making and accepting offers with guidance of course; the worse thing you can do is be left saying “I wish I would’ve…”!
It’s always important to stay informed about changes in the local real estate market if you’re planning on buying or selling a home soon. Knowing what’s happening in terms of supply and demand will help you make better decisions when it comes time to purchase or list a property.
By taking these factors into account along with hiring an experienced real estate agent and acting quickly when needed, homeowners should be able to navigate this ever-changing landscape successfully.
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