The Houston Association of Realtors (HAR) has released the MLS statistics for the month of march 2008 for Area 13 which the majority of Area 13 would be considered Spring TX.
The closed sales for March 2008 were 231 which was 16% less than a year ago. The quantity of active listings for Area 13 are 1,717 which is 4% more than a year ago. The average days on market (DOM) remains relatively unchanged from the prior year at 87 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 6.8 months. Over six months of inventory typically is referred to as a buyer’s market.
Although it may be considered a buyer’s market, Spring Texas homes sellers are not accepting low ball offers as indicated by the percentage of sales price to list price which was 96%.
Low interest rates and a good selection of homes means its now the ideal time for buyers to search Spring Texas homes for sale
If you are a seller the increase in inventory / competition means your house needs to put its best impression on to attract those buyers. You must stage your Spring Texas home to capture the buyers attention.
I am an Escrow Officer for Texas American Title-The Woodlands. I have had the pleasure of partnering with Jill... read moreI am an Escrow Officer for Texas American Title-The Woodlands. I have had the pleasure of partnering with Jill Wente on several real estate transactions. Her attention to detail and knowledge of the real estate industry are top notch! She is honest, straight forward, organized, and completely in tune with each of her transactions. She asks questions and truly listens to the information given to her and applies it in her future transactions. She is wonderful to work with and proves in each transaction that her top priority is that her clients are given the best customer service and are comfortable with each step of the process. She works proactively rather than reactively, and prepares herself for any questions her clients may have during the process, and does so before the question arises. Her clients are lucky to have her on their side! I look forward to any and all opportunities I have to partner with Jill in the future. read less