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.
Jill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge... read moreJill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge and truly could not have chosen a better realtor to work with. Jill is professional and patient, she is an incredible resource who is 100% there for her clients at all times. We had a lot of questions and didn't want to pay any closing costs or prepaid costs out of pocket - Jill is a Master Certified Negotiation Expert and it SHOWS. We got exactly what we wanted at the price we wanted AND had several bonuses thrown in, including appliances and gutters. She was there for inspections/walk-throughs and kept in contact with our builder's salesperson as well. If you want a strong realtor who is also pleasant to work with (which I've learned is rare), then Jill is the realtor for you!! read less