When Leslie Rouda Smith's daughter decided to put an East Plano home on the market for $199,000, her mother's advice: "You better not go out tonight."
And it was a good thing she did, said Smith, who is the 2016 chairwoman for the Texas Association of Realtors.
"She was blown away by the kind of response she got," Smith told the Dallas Business Journal."Our market is off the charts. In three-and-a-half hours she had 11 offers — some at list price and some above list price and some cash offers.
With the median home price in North Texas growing 8.6 percent year-over-year to $215,000 in the first quarter of 2016, Smith said any home in the region priced under $200,000 are snapped up quickly by home buyers.
Dallas-Fort Worth's median home price was $20,000 more in the first quarter than the median home price of the Lone Star state, which sat at $195,000.
The Texas Association of Realtors reported Monday homes sales in the Dallas-Fort Worth metro area skyrocketed year-over-year in the first quarter by 14.3 percent, with 20,206 single-family homes sold to buyers.
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