The further into the year we get the better the Spring Texas real estate market gets. The year over year percentage decreases continue to decline as we continue our climb to the return of a normal market.
Our real estate market still has a way to go but the chart shows you the dramatic improvements it has made since the first of the year.
Houses in the under $200,000 price range continue to be where the most buyer activity is occurring. This comes as no surprise since the under $200,000 price range is being fueled by the first time homebuyers tax credit.
If your house falls in the lower price range and you are thinking about selling it, now is the time. There are still first time homebuyers in the real estate market wanting to take advantage of the tax credit but waiting on the right home. You need to hurry though because the first time homebuyers tax credit credit expires on December 1st, 2009 and this price range is bound to take a breather.
Spring Texas houses in the $400,000+ price range continue to sit and sit as the buyers are missing in action. Prices are still stable at the upper price ranges as sellers seem to be content with waiting until the buyers return.
If you love numbers like I do, check out the Real Estate Market Reports category to get your fill.
The data represented is from the Houston Association of Realtors MLS for single family 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. A good portion of the houses in MLS area 13 have a Spring TX mailing address.
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