The real estate market is currently experiencing a balanced inventory level with a Months Supply of Inventory at 8.6, which indicates a healthy balance between supply and demand. The slight increase of 0.08% in the 12-Month Change in Months of Inventory suggests a stable market with gradual growth.
Homes are spending an average of 73 days on the market before being sold, indicating a reasonable amount of time for buyers to find and purchase their desired property. Additionally, the Sold to List Price Percentage of 0.97% shows that homes are generally selling close to their listing price, indicating a fair and competitive market.
The Median Sold Price of $550,000 reflects a strong market with prices holding steady. This price point offers both buyers and sellers an opportunity to participate in a stable market where transactions can be made with confidence.
Overall, these real estate metrics paint a picture of a market that is balanced, stable, and favorable for both buyers and sellers. With a healthy inventory level, reasonable time on the market, competitive pricing, and strong selling prices, the current real estate market offers opportunities for successful transactions for all parties involved.
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
