{"id":7266,"date":"2023-04-24T23:44:14","date_gmt":"2023-04-24T23:44:14","guid":{"rendered":"https:\/\/imsfund.com\/?p=7266"},"modified":"2023-04-24T23:44:14","modified_gmt":"2023-04-24T23:44:14","slug":"prices-trends-in-2023","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2023\/04\/24\/prices-trends-in-2023\/","title":{"rendered":"Prices &#038; Trends In 2023"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div :class=\"{ 'hidden': $store.proContent.showFullPrompt() }\">\n<section class=\"px-4 relative border border-slate-200 mobile-toc lg:hidden\" x-data=\"{open:false}\">\n<button class=\"flex items-center gap-4 my-2 border-none w-full\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-6 w-6\" fill=\"none\" viewbox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M4 8h16M4 16h16\"\/><\/svg><\/p>\n<h2 class=\"font-semibold text-slate-800 text-base m-0 js-toc-ignore\">In this article<\/h2>\n<p><\/button><\/p>\n<\/section>\n<p><span data-preserver-spaces=\"true\">Dallas, Texas, is one of the fastest-growing metropolitan areas in the country, with a large, diversified, and growing economy. With home prices below the national average and solid cash flow potential, Dallas has many traits that support favorable long-term conditions for real estate investors.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Population and Labor Market<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Located in Northeast Texas, the Dallas metropolitan area is actually composed of two large cities and one small city: Dallas and Fort Worth, and then the smaller city of Arlington that lies between them. Combined, the Dallas metropolitan area has a population that is growing well above the national average. The median age of residents in Dallas is just under 33 years old, which is right around the peak homebuying and\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/best-housing-markets-in-demand\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">household formation<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0age\u2014which indicates strong and sustainable demand for housing in the region.\u00a0<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" loading=\"lazy\" class=\"wp-image-151353 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 2\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53.webp 1318w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-300x102.webp 300w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-1024x350.webp 1024w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-768x262.webp 768w\" sizes=\"(max-width: 1318px) 100vw, 1318px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53.png 1318w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-300x102.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-1024x350.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-768x262.png 768w\" sizes=\"(max-width: 1318px) 100vw, 1318px\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53.png\" decoding=\"async\" loading=\"lazy\" class=\"wp-image-151353 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 2\" alt=\"resident populations nationally and dallas percent change from year ago\" height=\"450\" width=\"1318\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53.png 1318w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-300x102.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-1024x350.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-53-768x262.png 768w\" sizes=\"auto, (max-width: 1318px) 100vw, 1318px\"\/><\/source><\/source><\/picture><figcaption class=\"wp-element-caption\"><em>Resident Population of Dallas-Fort Worth-Arlington MSA and National Population in Terms of Percent Change from a Year Ago (2013-2023) \u2013 <a href=\"https:\/\/fred.stlouisfed.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">St. Louis Federal Reserve<\/a><\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Dallas\u2019 large and diverse economy helps insulate it from economic downturns. The area has large medical and educational institutions and a significant airline presence anchored by American Airlines and Southwest Airlines. The unemployment rate is low but slightly above the national average and has ticked up slightly of late.\u00a0<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" loading=\"lazy\" class=\"wp-image-151354 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 3\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54.webp 1318w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-300x102.webp 300w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-1024x350.webp 1024w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-768x262.webp 768w\" sizes=\"(max-width: 1318px) 100vw, 1318px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54.png 1318w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-300x102.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-1024x350.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-768x262.png 768w\" sizes=\"(max-width: 1318px) 100vw, 1318px\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54.png\" decoding=\"async\" loading=\"lazy\" class=\"wp-image-151354 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 3\" alt=\"Unemployment Rate of Dallas-Fort Worth and National Unemployment Rate - St. Louis Federal Reserve\" height=\"450\" width=\"1318\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54.png 1318w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-300x102.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-1024x350.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/fredgraph-54-768x262.png 768w\" sizes=\"auto, (max-width: 1318px) 100vw, 1318px\"\/><\/source><\/source><\/picture><figcaption class=\"wp-element-caption\"><em>Unemployment Rate of Dallas-Fort Worth-Arlington MSA and National Unemployment Rate (2013-2023) \u2013 St. Louis Federal Reserve<\/em><\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">Home Prices<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite strong demand and a strong economy, investing conditions in Dallas remain attractive. As of this writing, the median sales price in the Dallas area is just above $400,000\u2014which is relatively close to the national average but below that of cities with similarly sized economies.<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" loading=\"lazy\" class=\"wp-image-151359 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 4\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM.webp 1104w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-300x184.webp 300w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-1024x627.webp 1024w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-768x470.webp 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-300x184.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-1024x627.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-768x470.png 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM.png\" decoding=\"async\" loading=\"lazy\" class=\"wp-image-151359 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 4\" alt=\"median sales price in dallas\" height=\"676\" width=\"1104\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-300x184.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-1024x627.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.29-PM-768x470.png 768w\" sizes=\"auto, (max-width: 1104px) 100vw, 1104px\"\/><\/source><\/source><\/picture><figcaption class=\"wp-element-caption\"><em>Median Sales Price in Dallas-Fort Worth-Arlington MSA (2012-2023)<\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">It\u2019s important to note that while prices in Dallas have been relatively flat over the last several months, the pace of growth has come down considerably. This is to be expected, given the macroeconomic climate, but it\u2019s worth noting that appreciation in Dallas, as a whole, is likely to be modest or even slightly negative in the coming months.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Rent Growth and Cash Flow<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Rent growth has followed similar patterns to housing but varies slightly by city within the metropolitan area. Rents in Arlington, for example, have remained flat over the last six months, while rents in Dallas and Fort Worth have come down modestly. Some decline in rent is not concerning, given the rapid pace of rent growth in recent years, and most data supports that rent declines will be minimal.<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" loading=\"lazy\" class=\"wp-image-151358 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 5\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM.webp 1104w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-300x153.webp 300w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-1024x522.webp 1024w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-768x392.webp 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-300x153.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-1024x522.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-768x392.png 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM.png\" decoding=\"async\" loading=\"lazy\" class=\"wp-image-151358 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 5\" alt=\"median rent price\" height=\"563\" width=\"1104\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-300x153.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-1024x522.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.42-PM-768x392.png 768w\" sizes=\"auto, (max-width: 1104px) 100vw, 1104px\"\/><\/source><\/source><\/picture><figcaption class=\"wp-element-caption\"><em>Median Rent Price in Dallas-Fort Worth-Arlington MSA (2016-2023)<\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">When looking at cash flow prospects for Dallas, it varies considerably by location within the metropolitan area. Areas near Fort Worth and south of Dallas have rent-to-price ratios (a good proxy for cash flow) near 1%\u2014which is a good sign for cash flow potential. However, North Dallas and most of the area between Dallas and Fort Worth have rent-to-price ratios that suggest cash flow will be difficult to find. Overall, there\u2019s solid cash flow prospects for a metro area of this size!<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" loading=\"lazy\" class=\"wp-image-151357 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 6\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM.webp 1104w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-300x156.webp 300w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-1024x531.webp 1024w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-768x399.webp 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-300x156.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-1024x531.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-768x399.png 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM.png\" decoding=\"async\" loading=\"lazy\" class=\"wp-image-151357 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 6\" alt=\"RTP in dallas\" height=\"573\" width=\"1104\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-300x156.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-1024x531.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.50-PM-768x399.png 768w\" sizes=\"auto, (max-width: 1104px) 100vw, 1104px\"\/><\/source><\/source><\/picture><figcaption class=\"wp-element-caption\"><em>Rent-to-Price Ratio in Dallas-Fort Worth-Arlington MSA<\/em><\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">Inventory and Market Health<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Looking ahead, there are signals that although the housing market in Dallas has loosened up\u2014it\u2019s still on fairly strong ground. New listings are declining, and although inventory is up from its pandemic lows, its actually fallen over the last several months. This points to a market with fairly strong competition for properties and perhaps even a seller\u2019s market.<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" loading=\"lazy\" class=\"wp-image-151356 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 7\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM.webp 1104w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-300x188.webp 300w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-1024x641.webp 1024w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-768x481.webp 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-300x188.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-1024x641.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-768x481.png 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM.png\" decoding=\"async\" loading=\"lazy\" class=\"wp-image-151356 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 7\" alt=\"housing inventory in dallas\" height=\"691\" width=\"1104\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-300x188.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-1024x641.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.42.58-PM-768x481.png 768w\" sizes=\"auto, (max-width: 1104px) 100vw, 1104px\"\/><\/source><\/source><\/picture><figcaption class=\"wp-element-caption\"><em>New Listings and Inventory in Dallas-Fort Worth-Arlington MSA (2019-2023)<\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Additionally, although days on market (DOM) has almost returned to pre-pandemic levels, they dropped in the most recent reading. One new data point does not make a trend, so this will be an important metric to watch in the coming months.\u00a0<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" loading=\"lazy\" class=\"wp-image-151355 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 8\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM.webp 1104w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-300x186.webp 300w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-1024x634.webp 1024w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-768x476.webp 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-300x186.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-1024x634.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-768x476.png 768w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM.png\" decoding=\"async\" loading=\"lazy\" class=\"wp-image-151355 sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 8\" alt=\"dallas dom\" height=\"684\" width=\"1104\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM.png 1104w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-300x186.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-1024x634.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-24-at-4.43.08-PM-768x476.png 768w\" sizes=\"auto, (max-width: 1104px) 100vw, 1104px\"\/><\/source><\/source><\/picture><figcaption class=\"wp-element-caption\"><em>Median Days on Market (DOM) in Dallas-Fort Worth-Arlington MSA (2019-2023)<\/em><\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">Winning Strategies<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Overall, Dallas is a robust all-around market for real estate investors. It has a reasonable price point, solid cash flow potential, and a strong economy to support future growth. While the national housing market experiences a correction, Dallas is holding up relatively well. Prices have been relatively flat, and key lead indicators suggest that the market will be one of the more stable housing markets in the country over the coming months.<\/span><\/p>\n<p>Victor Steffen, an investor-friendly real estate agent in the Dallas area, says, \u201cThe investors we see winning right now are leaning into B.E.A.F properties. BEAF stands for break-even appreciation-focused. Our most successful investors target areas with increasing populations, increasing numbers of jobs, and increasing median incomes. We aim for an entry price 10-20% below the previous market high, and we want to see today\u2019s lease rate cover the PITI. At this point in the market cycle, when most retail buyers are sitting on the sidelines our investors have more opportunity than ever to pick up high-quality B+ or even A-grade, turnkey inventory. It\u2019s one of those rare market cycles where investors are some of the last players in the market. We can pick up \u2018blue chip\u2019 assets at discounts without competing against a dozen retail buyers.\u201d<\/p>\n<p>If you\u2019re interested in learning more about investing in Dallas, partner with a local investor-friendly real estate agent like Victor Steffen, who can <span data-preserver-spaces=\"true\">guide you through which strategies, tactics, and neighborhoods to focus on.<\/span><\/p>\n<p>Here\u2019s how to\u00a0<a href=\"https:\/\/www.biggerpockets.com\/agent\/match\" target=\"_blank\" rel=\"noreferrer noopener\">contact Steffen on Agent Finder<\/a>:<\/p>\n<ul>\n<li>Search \u201cDallas, Texas\u201d\u00a0<\/li>\n<li>Enter your investment criteria<\/li>\n<li>Select Victor Steffen or other agents you want to contact<\/li>\n<\/ul>\n<p>Steffen ranked #22 of 86,000 agents at EXP Realty by sale volume and #5 in the state of Texas. He and his wife are active real estate investors, owning a variety of cash-producing assets including rent-by-room housing, long, mid, and short term rentals. They plan to continue building their portfolio with an emphasis on new construction assets and 20-50 unit complexes in 2023.<\/p>\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n<div class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 w-full \">\n<main class=\"py-4\"><\/p>\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Find an Elite Agent in Minutes<\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:16px\"><strong>Use Agent Finder to connect with local market experts like Victor Steffen, Kim Meredith-Hampton, and Matthew Nicklin.<\/strong><\/p>\n<ul class=\"has-theme-slate-color has-text-color\" style=\"font-size:16px\">\n<li>Search target markets like Dallas, Tampa, or Atlanta<\/li>\n<li>Enter investment criteria<\/li>\n<li>Select investor-friendly agents that fit your needs<\/li>\n<\/ul>\n<p><\/main>\n<\/div>\n<div class=\" first:mt-0 relative h-full lg:flex lg:items-center\">\n<picture decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  shadow-xl rounded-md hidden lg:block sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 9\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Elite-Agent.webp \" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Elite-Agent.png\" type=\"image\/png\"><img src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Elite-Agent.png\" decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  shadow-xl rounded-md hidden lg:block sp-no-webp\" title=\"Dallas Real Estate Market: Prices &amp; Trends In 2023 9\" alt=\"Elite Agent\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/Elite-Agent.png\"\/><\/source><\/source><\/picture>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"italic\"><b>Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.biggerpockets.com\/blog\/dallas-real-estate-market\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article Dallas, Texas, is one of the fastest-growing metropolitan areas in the country, with a large, diversified, and growing economy. With home prices below the national average and solid cash flow potential, Dallas has many traits that support favorable long-term conditions for real estate investors.\u00a0 Population and Labor Market Located in Northeast Texas, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-7266","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/7266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=7266"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/7266\/revisions"}],"predecessor-version":[{"id":7267,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/7266\/revisions\/7267"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=7266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=7266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=7266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}