Your guide to understanding market reports

Clients ask me all the time: "What do these numbers actually mean?"  Here's your North Texas translator:

Q: What's a "good" Days on Market number?

A: In our current market:

• Under 30 days: Seller's market territory
• 30-60 days: Balanced market
• Over 60 days: Buyer advantage

Right now, Dallas is averaging 28-35 days, which signals a balanced to slightly seller-favoring market.

Q: Should I worry about inventory levels?

A: Think of inventory like parking spaces at the mall:

• Under 3 months: Crowded parking (seller's market)
• 4-6 months: Balanced market
• Over 6 months: Plenty of spaces (buyer's market)

North Texas currently sits at 3.2 months of inventory – right in the sweet spot.

Q: What's driving price appreciation?

A: Three main factors:

1. Job Growth: Dallas-Fort Worth added 85,000 jobs in 2024
2. Limited Supply: New construction hasn't caught up to demand
3. Migration: People still moving to Texas from higher-cost states

Q: How do I know if it's a good time to buy/sell?

A: Stop trying to time the market perfectly.

Instead:

• Buy when: You're financially ready and plan to stay 5+ years
• Sell when: Your life circumstances change or you've built substantial equity

The Bottom Line: What we're expecting to see in 2025 is basically this: more sellers, more inventory, and more buyers. Translation? A more normal, negotiable market.

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