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 did a fantastic job selling our home for a higher price and faster than I ever imagined! After living... read moreJill did a fantastic job selling our home for a higher price and faster than I ever imagined! After living there 24 years, a lot was needed to prep the house for sale. Jill provided advice and contacts for landscaping, air duct cleaning, interior paint, carpet, window treatments, and bathroom fixtures. We moved out-of-state to our new home before most of the work was done and Jill coordinated and supervised everything for us. She got the house on the market in less than 3 weeks and, after receiving multiple offers, we had a sales contract 6 days later. She then did a great job advising and negotiating through the hurdles of closing. Very professional, knowledgeable, and a great communicator. Thanks again Jill! read less