As of the most recent data, the real estate market is showing a months supply of inventory of 4.18, indicating a balanced market where neither buyers nor sellers have a significant advantage. However, it is important to note that there has been a significant increase in the 12-month change in months of inventory, with a +43.15% change suggesting a trend towards a more buyer-friendly market in the near future.
The median days homes are on the market is 44, which is a relatively quick turnaround time for homes to sell. This indicates that there is a high demand for properties in the current market. Additionally, the sold to list price percentage is at a strong 97.1%, showing that sellers are able to achieve close to their asking price when selling their homes.
The median sold price in the market is $320,196, which is a healthy figure for both buyers and sellers. This median price falls within a range that is attractive to a wide range of buyers, while also providing sellers with a fair return on their investment.
Overall, these metrics paint a picture of a dynamic and competitive real estate market. Buyers can expect to find a good selection of inventory at reasonable prices, while sellers can take advantage of the high demand and favorable selling conditions. It is important for both buyers and sellers to stay informed on market trends and work with a knowledgeable real estate professional to navigate the complexities of the current market.
If you have any questions and need help with market trends and updates, reach out to Jennifer Yoingco, REALTOR®, and her team in The Houston Suburb Group, so you can get ready to EXPERIENCE LIVING IN HOUSTON, TEXAS!
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
