The housing market seems downright ghastly this time of year (especially this year!), but experts say the fall and winter months represent the best times of the year to purchase a new dwelling.
Analysts with ATTOM Data Solutions told Daltxrealestate.com that the best home-buying days nationally are Nov. 28, Jan. 9, Dec. 5, Dec. 26, and Dec. 19 — all with premiums below 2 percent. Comparatively, the premiums are more than 15 percent in May.
October is the month with the lowest average premium — 3.3 percent — according to the report.
“Apparently the old adage, ‘Spring forward and fall back’ applies not only to setting your clocks, but to home prices as well,” said Rick Sharga, executive vice president of market intelligence at ATTOM. “Seasonality has always had an impact on home prices, which tend to weaken in the fall and winter months when there’s less buying activity. Savvy homebuyers can take advantage of those lower prices and less competition from other buyers once the leaves start to turn.”
The experts have spoken. If you need a nudge to buy your dream house, now’s the time to buy. We found a few gems to get you started in this edition of Candy’s Dirt Open Houses of the Week.
HALL Arts Residences
If you’re looking for luxury, we’ve got you covered with a three-bedroom high-rise in the Dallas Arts District.
The home at 1747 Leonard St., Unit 2102 is in the HALL Arts Residences, adjacent to the luxury boutique HALL Arts Hotel.
Priced at $4.9 million, it’s got amenities galore and is certifiably environmentally friendly. Designer touches include a Bulthaup kitchen system, Gaggenau appliances, Dornbracht polished-chrome fittings, wide-plank oak floors, Lutron shades, and premium finishes hand-selected by local interior designer Emily Summers.
Boasting 11-foot-tall ceilings, the condominiums at HALL Arts prioritize privacy and security. Most floors only have one or two homes.
This kind of luxury living comes with perks: a valet, a full-time event planner, climate-controlled wine storage and tasting room, a resort-style lap pool and spa, a fitness studio and treatment room, a private dog park, and a putting green. The new owners can dine on the patio with a full-service outdoor kitchen.
It’s the first residential development in Texas to qualify for WELL Multifamily Certification, ensuring that homeowners have the highest level of air quality and environmental health.
Realtor Cindi Caudle with Briggs Freeman Sotheby’s International Realty is hosting an open house from 1 to 3 p.m. Saturday, Oct. 15.
There’s No Place Like Kessler Park
The ATTOM analysis studied calendar days from 2013 to 2021 with at least 10,000 single-family home and condo sales nationwide. To calculate the premium or discount paid on a given day, researchers compared the median sales price for homes with a purchase closing that day with the median automated valuation model for those same homes at the time of sale.
Sounds complicated, but we’ll trust their expertise and drill it down to say now’s a good time to buy this home at 2023 Timbergrove Circle.
This tranquil five-bedroom, five-bathroom abode backs up to Twelve Hills Nature Center in Kessler Park. The 1960 home has updates throughout including roof solar panels, sprinklers, HVAC, and water heaters.
There are dual walk-in closets in the primary suite and an attached fifth-bedroom suite upstairs with a separate entrance and a full kitchen. There’s ample storage throughout the house, and the kitchen has two pantries and a wet bar.
Realtor Kay Wood with Briggs Freeman Sotheby’s International Realty is hosting an open house from 2 to 4 p.m. Sunday, Oct. 16.
Drop It Like It’s Fall
So where are all these dropping prices the ATTOM report speaks of?
There’s a three-bedroom, three-bath home at 4945 Ben Casey Court that just dropped in price by $14,000 to a dare-we-say affordable list price of $346,000.
Nestled on a 3,402-square-foot lot in Buckner Terrace about five miles east of downtown, the two-story home has a large kitchen with granite countertops. There’s a backyard patio for stargazing on a cool fall night.
The home is zoned for Dallas ISD, which recently earned a B rating from the Texas Education Agency.
Realtor Feras Rachid with Opendoor Texas is hosting an open house from 9 a.m. to 7 p.m. Thursday, Oct. 13.
