- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
I work in the DFW area. Has anyone else noticed the ratio of listings vs. sales lately. The high end market ($200,000+ here) has gone flat. Home equity loans are escalating and the property values are not climbing at the rate the newpapers and Realtor Associations are claiming anymore. It seems everybody is expecting their $250,000 (in 2000 or 2001) to be worth $300-350,000 now and current market data barely supports what they paid for it. Listings in the higher end homes are far outnumbering the sales and it looks like a buyer's market again. The lower end homes seem relatively unaffected. However, I am not doing too many home equity appraisals on the lower end homes. They don't seem to be as desperate for the money as the higher end home owners. How does it look in other parts of the country?