If you live in the North Dallas area and are considering moving to a new or different home in the area, you may want to consider it sooner than later. Liberty Mutual has announced that it will bring 5,000 new jobs to its new Plano campus. As most people know,our real estate market already has very low inventory and prices are on the rise. We are seeing this is before we are seeing Toyota, FedEx or Liberty Mutual employees come in to the market and purchase homes. When the employees from these corporations begin to purchase, will we see land and home values rise even more rapidly? What are your thoughts?
The Current Months of Inventory (as of February 2015) in the North Dallas Area is as follows (please note anything under 5 months of inventory is a Seller’s Market):
Allen- 1.4 Months
Frisco- 1.3 Months
McKinney – 1.2 Months
Plano – 1.0 Months
Prosper – 3.8 Months
Little Elm – 1.6 Months
The Colony – 0.6 Months
Call us if you have questions about the housing market. We are here to help.
Check out the article from The Dallas Morning News in this link about the announcement of Liberty Mutual bringing 5,000 new jobs to the area: