The real estate market is currently experiencing a moderate level of inventory, with a months supply of inventory at 5.12. This means that at the current rate of sales, it would take approximately 5.12 months to sell all the homes on the market.
The 12-month change in months of inventory is showing a positive trend, with a increase of 8.7%. This indicates that there are more homes available for sale compared to the previous year, providing buyers with more options to choose from.
Despite the increase in inventory, homes are still selling relatively quickly, with a median of 43 days on the market. This is a good sign for sellers, as it shows that there is still strong demand for homes in the market.
The list to sold price percentage is also strong at 99.1%, indicating that homes are typically selling very close to their list price. This is a positive indicator for sellers, as it suggests that they are able to get close to their asking price in the current market conditions.
Overall, the median sold price of $315,414 reflects a stable and healthy real estate market. Buyers can expect a good selection of homes to choose from, while sellers can anticipate selling their homes quickly and close to their asking price.
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
