6 Tips to Overcome Low Inventory


Today, the greatest challenge faced by homebuyers is low inventory. In this highly-competitive market, it’s important to work with an agent who has an in-depth understanding of how to navigate the situation. Here are six tips to help you achieve your goals, even when facing low inventory.

Get Pre-Approved

In any housing market, getting pre-approved for a mortgage is always the first step in the home-buying process. When searching for a home, buyers and their agents need to know exactly how much they can offer. And in a market defined by low inventory and multiple offers, sellers may not seriously consider offers without a lender letter. While waiting to get approved, you may be passed over in favor of potential buyers who submit proof of funds and mortgage approval letters with their offer.

Be Patient and Prioritize

Due to increased demand and low inventory, it may take longer to find the right home for you. Patience, prioritization and compromise are key. You may not find the perfect home, but if you know what’s most important to you and what’s just a bonus, you’ll be able to find a home that meets most of your search criteria.

Ask About Off-Market and Coming Soon Listings

A savvy real estate agent who’s well-versed in the local market can get you access to off-market or “pocket” listings that are only marketed by word-of-mouth. Your agent will also be aware of any coming soon listings to help you get ahead of the competition.

Be Prepared for a Bidding War

A bidding war is all too common in a market with low inventory. If this happens, it’s important to know your limit beforehand and take the time to consider what the home is worth to you versus its current market value. 

Make Your Best Offer

Gone are the days of back-and-forth negotiating. If you love a home, be ready to put forth your best offer. Keep in mind, when sellers receive multiple offers, it’s not always the highest one that’s the most appealing. There are other ways to set your offer apart such as making a cash offer, waiving contingencies, or offering a seller leaseback. Discuss with your agent the terms that give you the strongest advantage.

Find an Agent You Can Trust

Above all, find an agent you can trust! Buying and selling a home is exciting, but it can be nerve-wracking, too. The process can be complicated and the stakes are high. At Dave Perry-Miller Real Estate, our agents are experienced, knowledgeable professionals who will always put your best interests first and provide you with the most current market research and strategic advice as you make one of life’s biggest financial decisions. They are engaged every day in the buying and selling of real estate. 

Allow Dave Perry-Miller Real Estate to guide you through the process of successfully buying or selling your home. For more information, visit daveperrymiller.com today!

Inventory Breakdown by County

All Counties: -9%

Bosque County: +22%

Collin County: -19%

Cooke County: -23%

Dallas County: -27%

Delta County: +35%

Denton County: -9%

Ellis County: +9%

Erath County: +6%

Fannin County: +37%

Grayson County: -6%

Henderson County: +4%

Hill County: -15%

Hood County: -6%

Hopkins County: -8%

Hunt County: +13%

Johnson County: +8%

Kaufman County: +9%

Lamar County: +18%

Montague County: +59%

Navarro County: +15%

Palo Pinto County: -13%

Parker County: -14%

Rains County: +63%

Rockwall County: +15%

Smith County: -35%

Somervell County: +23%

Tarrant County: -13%

Van Zandt County: +10%

Wise County: +12%

Source: NTREIS MLS, 1/1/21-5/1/21 vs. 1/1/22 vs. 5/1/22

Backyard Tips: Yearly Planting Calendar


Want a beautiful garden that stays healthy and looks great all year? Use this calendar to know what to plant and when.

Planted pots

BACKYARD TIPS: YEARLY PLANTING CALENDAR

Spring has only just begun, but it’s never too early to garden. If you live in a warm region, you can garden all year round, but even if you live in a cold, northerly climate, you can get a jumpstart on a lush, healthy garden by planning now. Read on for tips to create the garden of your dreams.

FIND YOUR HARDINESS ZONES AND FROST DATES

Wondering how you can tell when to plant flowers, veggies, fruits, and herbs outdoors? Use the USDA Plant Hardiness Zone Map to find out which plants are most likely to do well in your local climate. As you can see from the map, the warmer the region, the higher the zone number. Hardiness zones are based on the average minimum temperatures in that region. 

Frost dates, or the most likely dates of the first and last frosts of the winter season, are based on hardiness zones. In zones 5a and 5b, for example, the last frost usually happens in the first two weeks of April, while the first frost will most likely occur in the last two weeks of October. You should start planting your garden after the last frost and expect the season to end with the first frost.

CHOOSE THE RIGHT PLANTS

You can use hardiness zones to choose plants that will thrive in your climate. If you live in a zone with minimum temperatures below freezing, choose frost-hardy perennials that will survive cold winter temperatures to come back strong in the spring. If you live in a tropical or subtropical region, you should still pay attention to the plant’s hardiness rating. Some plants thrive in a warm climate, but others require periods of cold weather to thrive, and some seeds, like lavender, germinate best if exposed to cold.

CALCULATE PLANTING DATES

Calculate your planting dates based on when you hope to put seeds, seedlings, and young plants in the soil. Some vegetables, herbs, and flowers do best when started indoors, and you’ll need to do this about six weeks before your outdoor planting date. 

For many vegetables, flowers, and herbs, you can schedule your planting dates so they’re after the last frost, but keep in mind that different kinds of plants will need different outdoor planting dates, and build out your planting calendar accordingly. For example, peas, carrots, and some lettuces like colder weather and will need to be planted outdoors early in the season, perhaps even before the last frost. Because cool-weather vegetables and greens tend to mature relatively quickly, you may be able to get a bumper crop by sowing them anew in the late summer. 

Other plants, like corn, tomatoes, and cantaloupe like warm weather and should be planted a few weeks after the last frost when the soil has warmed up. Decide what you’re going to plant this spring well in advance and check seed packets, plant labels, or the internet to determine the best time of year to plant each specific variety. Weather isn’t the only consideration — some vegetables, like pumpkins, take a long time to grow, so you should make sure that you plant them while there are still plenty of days left in the planting season for them to mature. 

If you live in a zone with minimum temperatures above freezing, you can enjoy two growing seasons. Plant vegetables and herbs in the spring for a summer crop and again in the fall for a winter crop. Choose tropical flowers, shrubs, and trees for landscaping.

START SEEDS INDOORS

Many vegetables, flowers, and fruits can be sown directly into the ground from seed, but others will do best if started indoors and transplanted outside. Start seeds for tomatoes, broccoli, brussels sprouts, eggplant, cauliflower, cabbage, peppers, lettuce, watermelon, swiss chard, and pumpkins indoors six to eight weeks before your planned outdoor planting date. Some plants, especially peppers and tomatoes, are difficult to grow from seed, so you may want to buy seedlings instead. Check seed packets to determine which seeds can be sown directly into the soil and which should be started indoors.

If you want to grow a productive garden this year, you need to develop a planting calendar based on your region’s climate and the plants you hope to cultivate. Do your research to determine which vegetables, fruits, herbs, and flowers you want to grow in your garden this year. Don’t procrastinate, because before you know it, it’ll be time to start planting.

Inventory Is Low. The Time Is Now!


There’s no shortage of homes to buy – just sellers to sell.

It’s not a big secret in a market like ours. It has been and will continue to be a challenge heading into Spring.

Mortgage rates are largely forecast to continue to rise over the coming months and serious house hunters are paying close attention. After all, every rate increase could have an impact on affordability, and over time, that will put the brakes on buyer demand. But in the short term, projected rate increases may motivate home buyers and make for an extremely competitive Spring market.

So if you’re thinking of listing your home, don’t wait too long. As others prepare to list and inventory begins to increase, the intense multiple offers will start to ease and home prices will continue to rise – but at a slower pace.

The bottom line: the sooner you list, the less competition you will have.

Dave Perry-Miller Real Estate is a member of the Ebby Halliday Companies – the leading real estate company in Texas. If you’re thinking of listing, we’re here to provide an instant valuation of your home and help you prepare. Visit DavePerryMiller.com and connect with one of our experienced agents today!

Inventory Breakdown by County

All Counties: -22.2%

Bosque County: -6.6%

Collin County: -34%

Cooke County: -18.7%

Dallas County: -41.1%

Delta County: -4.3%

Denton County: -36.1%

Ellis County: +13.9%

Erath County: -4.6%

Fannin County: +25.4%

Grayson County: -22.3%

Henderson County: 0%

Hill County: +1.3%

Hood County: -13.2%

Hopkins County: -11.3%

Hunt County: +10%

Johnson County: -14.6%

Kaufman County: -7.9%

Lamar County: +4.1%

Montague County: +27.3%

Navarro County: -9.7%

Palo Pinto County: -16.5%

Parker County: -9.2%

Rains County: +56.7%

Rockwall County: -19.4%

Smith County: -25.8%

Somervell County: +16.9%

Tarrant County: -23.2%

Van Zandt County: -10.8%

Wise County: -40%

Source: NTREIS MLS, January 12, 2022 vs. January 12, 2021.

8 Reasons to List During the Holidays


‘Tis the Season to Sell Your Home! Contrary to popular belief, the holiday season – especially this holiday season – may actually be an ideal time to offer your North Texas home for sale! Here’s why…
  1. Average home sales price in North Texas is up over 20 percent over this time last year.
  2. Interest rates are at historic lows, which means buyers have more buying power than ever before.
  3. Inventory of homes for sale remain at low levels while buyer demand is strong. 
  4. Many people are still working from home, which means they may want more space, home offices, or a change of scenery. With more flexible work schedules and less travel during the holidays, many prospective buyers may use the extra time to search for a new home. 
  5. Consumers who shop for a home during the holidays are serious, motivated buyers.
  6. Typically there are even fewer homes on the market during the holiday season. Translation: less competition for you!
  7. Homes “show” better when decorated for the holidays.
  8. Many transferees are not able to wait until the spring market to buy. They are here now and need a home now.

Dave Perry-Miller Real Estate, A Division of Ebby Halliday Companies, is the leading real estate company in North Texas. If you would like to buy or sell in this market, you will need a full-time, experienced agent by your side. Visit daveperrymiller.com and connect with one of our experienced agents today!

The Weekly Wrap-Up


In the market for a new home? Take a look at some of this week’s fabulous featured properties.

5020 Elm Hollow Drive | Dallas | $19,500,000

3130 N Harwood Street #2401 | Dallas | $3,399,000

3704 Stanford Avenue | University Park | $1,950,000

7743 Southwestern Boulevard | Dallas | $1,795,000

2555 N Pearl Street #1205 | Dallas | $1,625,000

11207 Pinocchio Drive | Dallas | $925,000

Pumpkin Patch Round-Up


From pumpkin spice to pumpkin pie, you definitely need a little pumpkin in your life. Whether cooking up some fall favorites or getting your porch ready for the season, visit these fun, local spots to find your perfect pumpkin.

DALLAS 

Autumn at the Arboretum

8525 Garland Road, Dallas

September 18 – October 31

Dallas Farmers Market Pumpkin Patch

1010 S. Pearl Expressway, Dallas

September 18 – October 31

St. James Episcopal Church Pumpkin Patch

9845 McCree Road, Dallas

October 2 – October 31

ALVARADO 

Sunset Hill Tree Farm Pumpkin Patch

3400 County Road 206, Alvarado

October 2 – October 31

ARLINGTON

St. John the Apostle Pumpkin Patch

5450 Mansfield Road, Arlington

September 27 – October 31

AUBREY

Team Family Farms Pumpkin Patch

1042 W. Sherman Drive, Aubrey

September 25 – November 7

BEDFORD

Bedford Public Library Pumpkin Patch

2424 Forest Ridge Drive, Bedford 

October 14 – October 31

CANTON

Yesterland Farm Pumpkin Patch

15410 Interstate 20, Canton

September 18 – November 7

CLEBURNE

Mainstay Farm Park Pumpkin Days

1004 W. Bethesda Road, Cleburne

September 24 – October 31

CORSICANA 

Main Street Pumpkin Patch at The Square Root

222 N Main St., Corsicana

October 1 – October 31

DENISON

Elves Farm Pumpkin Patch

601 Harvey Lane, Denison

October 2 – October 31

GUNTER

The Big Orange Pumpkin Farm

15102 TX-289, Gunter

September 18 – November 24

FAIRVIEW

Creekwood Pumpkin Patch

261 Country Club Road, Fairview

October 2 – October 31

FLOWER MOUND

Flower Mound Pumpkin Patch

5100 Cross Timbers Road, Flower Mound

October 1 – October 31

FORNEY

The Gentle Zoo Pumpkin Patch

12600 FM 2932, Forney

October 1 – November 1

FORT WORTH

Arlington Heights UMC Pumpkin Patch

4200 Camp Bowie Blvd., Fort Worth

October 16 – October 31

FRISCO

Pumpkins on the Prairie

3521 Main St., Frisco

October 8 – October 31

GRAPEVINE

Hall’s Pumpkin Farm and Corn Maze

3420 Hall Johnson Road, Grapevine

October 1 – October 31

MANSFIELD

St. John Youth Pumpkin Patch

1218 E. Debbie Lane, Mansfield

September 19 – October 31

MCKINNEY

5G Farm

6601 County Road 166, McKinney

September 17- October 31

MIDLOTHIAN

Shadow Creek Pumpkin Farm

1530 Indian Creek Drive, Midlothian

October 2 – October 31

PLANO

Pumpkin Patch on the Corner

3101 Coit Road, Plano

September 26 – October 31

RICHARDSON

Arapaho UMC Pumpkin Patch

1400 W. Arapaho Road, Richardson

October 1 – October 17

ROCKWALL

Blase Family Farm Pumpkin Patch

1232 E. Fork Road, Rockwall

September 25 – October 31

SOUTHLAKE

The Patch at Southlake

101 E. Highland St., Southlake

October 1 – October 31

STEPHENVILLE

Lone Star Family Farm Pumpkin Patch

4199 Highway 67, Stephenville

September 25 – November 6

The Weekly Wrap-Up


In the market for a new home? Take a look at some of this week’s fabulous featured properties.

11333 W Ricks Circle | Dallas | $9,995,000

7711 Glen Albens Circle | Dallas | $3,199,000

2200 Victory Avenue #2204 | Dallas | $1,299,000

2900 McKinnon Street #505 | Dallas | $750,000

2046 Bickers Street | Dallas | $649,000

5806 Mercedes Avenue | Dallas | $595,000

The Weekly Wrap-Up


In the market for a new home? Take a look at some of this week’s fabulous featured properties.

5094 Tower Drive | Kingston | $4,950,000

4011 Turtle Creek Boulevard | Dallas | $3,995,000

2820 N Hall Street | Dallas | $2,595,000

11256 Russwood Circle | Dallas | $1,190,000

5806 Royal Crest Drive | Dallas | $998,000

12119 Crestline Avenue | Dallas | $829,000

1441 William Way | Farmers Branch | $618,000