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.
Best Realtor Ever! I cannot harp on how wonderful Jill has been during my new home build purchase! She has... read moreBest Realtor Ever! I cannot harp on how wonderful Jill has been during my new home build purchase! She has gone above and beyond by attending every single meeting that I had (design center meeting, electrical, blue tape meeting, final acceptance meeting, closing). During the design appointment, Jill gave pointers on what upgrades would have the best resell value and how much I would see out of it. It was my first time going through the new home building process so it helped make the meeting way less stressful. Jill has been there for me every step of the process even after the closing! I truly have never met a more passionate, hard working individual! I would HIGHLY recommend! read less