Dallas/Fort Worth Markets Hot Again

Homes are selling above list price — but not as distressed properties — in three Dallas/Fort Worth zip codes, according to ZipRealty’s quarterly Home Hunter Report, Q4 2009.

While some of the nation’s “hottest” real estate markets in the country — those where homes are selling above list price — continue to be distressed areas dominated by heavily discounted prices, the Q4 2009 top 10 list revealed some notable exceptions. Homes in Fort Worth’s 76135 zip code sold for an average of 134.65% of asking price. Homes in Rowlett (75089), an upscale Dallas community, commanded on average 110.81% of asking price. Zip code 76001 in Arlington, Fort Worth’s largest suburb, also made the top 10 list. How is the distressed inventory level affecting average market price in your market?