Sellers still had the upper hand in the single-family housing market during the first quarter of the year, and that trend might not change anytime soon.
Available inventory is down and prices are higher in the Park Cities and Preston Hollow, especially among luxury properties, according to statistics from the North Texas Real Estate Information System.
“Inventory is still really low, and that’s driving a lot of prices,” said Blair Hudson, an agent with Allie Beth Allman and Associates. “There’s just nothing to buy. That’s why you can hold out for your price. This is still very much a sellers’ market.”