Dallas Listing Prices—Reverting to a “Fair” Concept?
By Bion Grady, Douglas County Real Estate Specialist
(Maximum One Greater Atlanta Realtors)
Traditionally, the asking prices that headed Dallas listings represented the seller’s idea of their property’s reasonable value—an acceptable amount that a buyer would (hopefully) consider to be fair. However, during much of the recent seller’s market conditions that prevailed across most of the U.S., it was not unusual to read eye-opening tales of bidding battles that resulted in closing prices that were significantly higher than the original asking price. Dallas listings may not always closely follow what’s going on throughout the rest of the nation, but they do tend to be influenced by major tidal shifts in the nation’s economic fortunes (as well as the public’s perceptions of them). Lately, as reports of bidding battles have faded from the national press, local buyers might reasona...