Think Dallas real estate is a hot seller’s market? You’re not alone. According to a new survey from Opendoor, a digital platform for residential real estate, 78% of Dallas residents believe now is the time to sell a home. Only 46% think it’s a good time to buy one.
The Wrinkle: Most weren’t sure what the future would bring them. Of those polled, 38% predict that the housing market will stay strong for a few more months. Only 40 percent believe he will stay strong for a year.
Another report confirms this caution: The latest RE / MAX national housing report shows that Dallas-Fort Worth home sales in June are down 5.8% from a year ago, the third-highest drop. important in the United States.
Low prices, low inventory, high demand
Yet 76% of Dallas residents surveyed believe buying a home today is a good investment. Opendoor says the market is hot due to a trio of reasons: low rates, low inventories and high demand.
“Whether you walk the streets of downtown, upscale neighborhoods or Lower Greenville, the real estate buzz in Dallas-Fort Worth is incredible,” said Sharon Brown, general manager of Openoor in Dallas-Fort Worth, in a report. communicated. “Owners are curious as to whether they can capitalize on the recent but significant market appreciation and our data backs it up.”
Phoenix sizzles the most
Five other markets appeared in the survey, with Phoenix being the sizzling one (89% think it’s a good time to sell a home there). But Atlanta, Charlotte, Raleigh-Durham, Nashville all agree: Now is the perfect time to be a seller, whether you’re putting up a “for sale” sign or leaving your home quickly, easily, and as is. an investor like Opendoor.
Opendoor receiving several offers
Like many home buyers these days, people are lining up for Opendoor listings. The company told Dallas Innovates that it is seeing a competition to buy its home like any other seller in that market.
This has helped to heat up the business of Opendoor. The San Francisco-based company has record engagement and conversion on its platform, as well as a Net Promoter Score “north of 80”.
Opendoor targets customers who want a smooth, safe and fast way to get around, offering competitive cash deals for homes as is without the need to list, stage or market them.
Opendoor collected data from 856 consumers across the United States who plan to buy or sell a home in the next 12 months. The data includes augmented samples of residents of Atlanta, Charlotte, Dallas, Nashville, Phoenix and Raleigh-Durham, allowing Opendoor to provide a breakdown of responses from these markets. Data was collected via Qualtrics from May 14-24, 2021.
Subscribe to the list.
Dallas innovates, every day.
Sign up to keep tabs on what’s new and what’s next in Dallas-Fort Worth, every day.