The Houston Association of Realtors (HAR) has released the MLS statistics for the month of February 2008 for Area 13 which the majority of Area 13 would be considered Spring TX.
The closed sales for February 2008 were 206 which was 7% less than a year ago. The quantity of active listings for Area 13 are 1,652 which is 5% more than a year ago. The average days on market (DOM) remains relatively unchanged from the prior year at 90 days.
The combination of the decrease in closed sales and the increase in inventory over the prior year has added one month to the quantity of months of inventory increasing it to 6.5 months. Over six months of inventory typically is referred to as a buyer’s market.
Although it may be considered a buyer’s market, sellers are not accepting low ball offers as indicated by the percentage of sales price to list price which was 97%.
Low interest rates and a good selection of homes means its now the ideal time for buyers to search Spring Texas homes for sale.
We entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning... read moreWe entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning she was extremely up front and honest about exactly what we would need to do to get our house sold. We had an incredibly tight timeline, that she explained would be difficult to make - but she helped us make it happen and our house was under contract in 2 days! She had recommendations for all our home repair needs and they were all professional and fairly priced. She worked hard to really sell our offer for our new home - she was able to pull off the tight timeline, securing a rent back from our old house so we had time to move out, and a contingency for our new home. Definitely exceeded our expectations. She was so helpful along the way - as first time home sellers we really relied on her and we feel lucky to have worked with her! You will not regret working with Jill! read less