How did the Spring TX Real Estate Market fare for 2008? If you listen to the national media you would believe that very few homes sold and the homes that did sell sold at garage sale prices.
But what the media reports on at the national level is not always reflective of what is going on in our local real estate market.
The truth according to our local MLS numbers for Area 13 (the majority of the area has a Spring TX mailing address) is
In comparison to the last five years, 2008 was a bad year for the Spring Texas real estate market. But bad is a relative term especially when you compare 2008 to some of the best years our local market has experienced. Sure, I would have liked to have more transactions during 2008. But I also know Realtors in parts of Florida and California who wished their markets fared as well as our Spring Texas real estate market did in 2008.
Our real estate market has not experienced the huge price appreciation and thus not the corresponding huge price depreciation as other markets. And instead of exciting and volatile I would describe our real estate market as stable. And I like stable. I don’t know if that means I am boring person or not. But when it comes to the real estate market I will take a stable market instead of a highly volatile market any day of the week, month, or year.
Give us a call at 281.804.8626, if you are ready to take advantage of the lower home inventory levels and are ready to put your Spring Texas home on the market.
The data represented is from the Houston Association of Realtors MLS for existing homes in Area 13. Area 13 covers the geographic boundaries of East – I45 to West – Hwy 249 to South – Beltway 8 to North – Spring Cypress.