When autumn nears, vacations end, school begins, and the housing market typically cools. For North Texas buyers, this fall could bring more choices, more time to make decisions, and greater negotiating power.

More Homes to Choose From

Local inventory is up. According to Realtor.com, new listings in Dallas recently increased 10.1%, more than four times the national increase of 2.4%.

More listings let you compare properties and find a home that fits your exact needs, rather than settling for what’s available. More inventory can also mean fewer buyers competing for the same property, reducing the likelihood of stressful bidding wars. And when homes take longer to sell, buyers have more time to consider their options.

More Time to Make a Decision

According to Redfin, houses are spending more time on the market across the area. In Dallas, homes average 41 days on the market compared to 39 days last year. In Northwest Dallas, they average 46 days, up from 31 days last year.

For buyers, more time on the market means less pressure to make an immediate decision. You have the luxury of time to tour a home multiple times and thoroughly research the neighborhood.

In hotter markets, buyers may feel pressure to waive inspections to stay competitive. When homes sit for longer, you have more time to arrange an inspection, review the appraisal, and investigate potential problems before you commit.

The Season of Steady Prices

Local prices are stable. Texas A&M’s most recent Housing Insight report shows that home prices remain below year-ago levels statewide. The data shows that Dallas-Fort Worth is “moving closer toward stabilization. Fort Worth-Arlington, in particular, has experienced a noticeable rebound from downward price pressure, recording consecutive months of modest year-over-year price gains.”

With a stable market, you can budget knowing your financial target is steady.

More Negotiating Power

More choices, more time, and a more balanced market can give buyers greater negotiating power. This gives you room to negotiate on price and request repairs. In markets that favor buyers, sellers often feel motivated to contribute more toward certain closing costs.

Could this fall be the time you discover your dream home? You’ve got the time, the available homes, and the support from local home financing experts. To discuss the best financing options, contact a member of the Decker Group at (214) 908-6792 or connect with us online.