Spring TX Real Estate: Market Report June 2008
The YTD closed home sales through June 2008 for Area 13 which the majority of is considered Spring Texas were 1,361. A decrease of 15.6% compared to the 2007 YTD number. The quantity of active listings are 1,683 which is a measly 1.9% less than a year ago.
The decrease in closed sales is greater than the decrease in active listings which has resulted in an increase in inventory over the prior year. The months of inventory (absorption rate) for the Spring Texas real estate market is 6.8 months which is considered a buyers market.
Translating into its an excellent time for buyers to negotiate the most favorable terms. If you are considering buying a Spring Texas home, don’t wait too long because builders are tightening their inventory. Due to the increase in fuel and its impact on housing materials, I forecast pricing increases are on the horizon. If you are thinking about purchasing a Spring Texas home, contact Jill Wente & Company and we will guide you through the entire home buying process.
Spring Texas home sellers are seeing their homes sitting on the market longer. As the decrease in pended sales has increased the DOM (Days on Market) by 12% to 89 days. The increase in inventory means Spring Texas home buyers have to power to be choosy and they are taking their sweet time to decide upon which house is the right house for them to call “Home”.
If you are thinking about selling your home, you need a Spring Texas Realtor who understands that Internet exposure, extensive marketing, multiple quality photos, strategic pricing, and staging are essential to getting homes SOLD in today’s real estate market. If you want to get top dollar for your home, contact Jill Wente at 281.804.8626 to learn how we turn your For Sale sign into a SOLD sign.
Jill was phenomenal during every step of selling my father's home. This process was extremely difficult for me, as... read moreJill was phenomenal during every step of selling my father's home. This process was extremely difficult for me, as my father passed away last year. Jill listened to EVERY story I had, and there were a lot of them! She allowed me to share the memories of the house, which helped me prepare to let it go.She is very knowledgeable in what to and what not to do in regards to getting the home ready to sell, what to tackle during the negotiation process and she made the closing extremely convenient. She was thoughtful enough to place the "sold" sign on the property a week in advance, to allow me time to process it all. Paying constant attention to what is happening around your listing is one of JIll's many strengths. Her goal is to get you the most money for your property, and she has different strategies to that end result. I not only gained a new realtor, but in JIll, I also gained a friend! I will be forever grateful for her through this tough process and I know my Dad would have loved her! "Thanks," will never be enough! read less