The real estate market is currently showing a healthy balance between supply and demand. The Months Supply of Inventory stands at 4.48, indicating that there is a moderate level of inventory available for potential buyers. However, it is important to note that there has been a significant increase in the 12-Month Change in Months of Inventory, which has risen by +57.19%. This could suggest a trend towards a higher level of inventory in the market, potentially leading to more options for buyers in the future.
Despite this increase in inventory, homes are still selling relatively quickly, with a median of 34 days on the market. This indicates strong buyer interest and a competitive market for sellers. Additionally, the Sold to List Price Percentage is at a high 98.1%, showing that homes are generally selling close to their asking price.
The median sold price of homes in this market is $297,000, reflecting a stable and consistent pricing trend. This price point is attractive to both buyers and sellers, as it offers a balance between affordability and value.
Overall, the current real estate metrics suggest a dynamic and competitive market that offers opportunities for both buyers and sellers. With a moderate level of inventory, quick sales, and strong pricing, this market presents a favorable environment for those looking to buy or sell property.
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
