Housing Inventory Dramatically Low Around DFW
Posted by Kenneth G. Cox on
Although a normal, or “balanced”, real estate market typically has about a six-month supply of inventory available, the red hot DFW real estate market has resulted in a pretty substantial housing shortage in many Dallas-area neighborhoods, with some parts of the city having less than a two-month supply of homes available to purchase.
It’s no secret that market conditions fluctuate, and it’s not all the uncommon for inventory to drop every now and then. But with major companies expanding or moving to North Texas like GM, State Farm, Toyota, and Liberty Mutual Insurance, job growth is on the rise with fewer places for incoming residents to live.
According to some statistics, Dallas-area neighborhoods and cities with the lowest inventory include The Colony,…
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