Attention all home sellers in Jersey Village! Did you know that the List to Sold Price percentage is currently at 101.5%? This means that homes are selling for above their listing price, which is great news for anyone looking to sell their property quickly and for top dollar. As a REALTOR with The Houston Suburb Group, we are here to help you navigate the current market trends and get the best possible outcome for your sale.
MARKET TRENDS ANALYSIS:
As of the latest data, the real estate market is showing a strong seller’s market. The Months Supply of Inventory, which measures the amount of time it would take for all current homes on the market to sell, is at a low of 2.36 months. This indicates that there are fewer homes available for buyers to choose from, leading to more competition and potentially higher prices.
However, the 12-Month Change in Months of Inventory has increased by a staggering +159.34%. This means that the market has shifted from a balanced market to a seller’s market in the past year. This may be due to a variety of factors such as low-interest rates, a strong economy, and limited new construction.
Despite the low inventory, the Median Days Homes are On the Market is only 6 days. This is a testament to the high demand for homes in the current market, and buyers should be prepared to act quickly when they find a home they like.
The List to Sold Price Percentage is also high at 101.5%. This indicates that homes are selling for more than their asking price on average. This is good news for sellers, but buyers may need to be prepared to offer more than the listed price to secure a home.
Finally, the Median Sold Price is $362,000. This is a strong indicator of the current demand for homes, as prices are trending upward in the market. Overall, buyers and sellers should be aware of the current market conditions and work with a trusted real estate professional to make informed decisions.
We hope you have learned something today about the market updates and trends at Jersey Village. If you have any questions, reach out to our Houston Suburb Group, and our expert REALTOR® is here if you need help with the market trends and updates in Jersey Village, so you can get ready to EXPERIENCE LIVING IN HOUSTON, TEXAS!
Source: RPR
Jeanette San Luis is a blog contributor, a double degree major in BS Chemical Engineering and BS Nursing, and graduated Magna Cum Laude and Summa Cum Laude respectively. She has won numerous accolades and was named one of Houston Chronicles TOP 150 Outstanding Nurses in 2016 and 2019. In her dual role as a REALTOR®, she empathizes and understands the needs of her clients; therefore, you are in very good hands.
Download our FREEBIES here!
The Ultimate Home Buyer’s Guide
The Ultimate Home Seller’s Guide
Find us on YouTube!
#jenniferyoingcorealtor #jenniferyoingco #JenniferYoingcoTexas #houstonsuburb #houstonsuburbs #houstonsuburbgroup #texasrelocationexperts #HoustonRelocationExpert #HoustonRelocationSpecialist #NurseRelocationExpert #NurseRelocationSpecialist #newhomeconstruction #thehighlands #ravennahomes #ravennahomesforsale #ravennahomesrealtor #ravennahomesrealestateagent #springtexas #tomballtexas #livinginhoustontexas #livinginhouston #thewoodlandstexas #conroetexas #montgomerytexas #cypresstexas #newcaneytexas #portertexas #katytexas #pearlandtexas #richmondtexas #fulsheartexas #sugarlandtexas #houstontexas #magnoliatexas #hockleytexas #pinehursttexas #jerseyvillagetexas #humbletexas
