Dallas Real Estate Market Trends 2024
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Dallas Real Estate Market Update: September 2024 Insights for Investors
The Dallas real estate market in September 2024 has shown interesting trends that are crucial for investors to understand. This month’s data reveals shifts in home prices, inventory levels, and sales dynamics. Here’s a detailed look at the key numbers and trends impacting real estate investors.
October 2024 Market Update
Tune in and stay up to date with the current real estate investment market.
We will be led by Catalyst Funding’s industry experts, CEO Wade Comeaux and our Director of Lending, Jeff Johnson.
Let’s dive into:
- National and Texas leading indicators
- Recent numbers for San Antonio, Houston, Dallas, and Austin
- Lending Updates and Today’s rates
Dallas Real Estate Market: Key Market Metrics for September 2024
- Median Listing Price: $450,000
This represents a slight increase from the previous month, bucking the usual trend of declining prices in September. - Price Per Square Foot: Stable
The price per square foot remained consistent with August, indicating a stabilization in home values amid market fluctuations.
Inventory Growth
- Total Homes for Sale: 4,013
This is a 5% increase from August and a significant 58% increase compared to September 2023. The surge in inventory provides investors with more options and potential deals. - New Listings: 1,486
This reflects a 14% increase from last month and a 19% increase year-over-year, highlighting the growing opportunities for investment.
Sales Dynamics
- Average Days on Market: 51 days
Homes in Dallas are taking an average of 51 days to sell, which is 2 days longer than last month and 10 days longer than September 2023, suggesting an easier market for buyers of distressed properties.
Insights for Real Estate Investors
- Increased Inventory: With 4,013 homes for sale, investors can take advantage of a broader selection of properties, making it an ideal time to explore various investment opportunities in the Dallas real estate market.
- Focus on Rental Properties: Consider the long-term potential of rental properties in a market that is stabilizing. Analyze areas with high rental demand to maximize your investment returns.
- Monitor Long-Term Trends: Despite current market fluctuations, the steady job growth, income growth and population increase in Dallas bode well for sustained investment opportunities.
Conclusion
September 2024 presents a compelling scenario for investors in the Dallas real estate market.
Catalyst Funding: Your Trusted Hard Money Lender in Dallas
As you navigate the Dallas real estate landscape, Catalyst Funding is here to assist you. As a leading hard money lender in Dallas, we specialize in providing fast and flexible real estate investment loans tailored to your unique needs. Our quick application process and streamlined funding solutions empower you to seize opportunities as they arise.
Benefits of Choosing Catalyst Funding
- Quick Approval: We offer swift approval for hard money loans, allowing you to move quickly on investment opportunities.
- Flexible Terms: Our loans are designed to accommodate the specific needs of real estate investors, whether for purchasing, refinancing, or renovating properties.
- Expert Guidance: With our expertise in the Dallas market, we provide insights that help you make informed investment decisions.
Contact Catalyst Funding today to discover how we can support your real estate investment financing needs and help you capitalize on the current market opportunities. As your trusted advisor for real estate investment loans, we are committed to helping you succeed in your investment journey.
Unlocking Opportunities with Hard Money Loans: A Guide for Real Estate Investors
At Catalyst Funding, we understand that access to quick and flexible financing is crucial for real estate investors looking to capitalize on distressed real estate opportunities. As a leading hard money lender in Texas, we specialize in hard money loans—also known as private money loans, residential transition loans, or bridge loans. These loans are designed to help you purchase and repair distressed properties or acquire raw land for new construction.
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Dallas Real Estate Market 2024
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