What’s going on with the Spring Texas Real Estate Market? The market looks a lot like last year in terms of YTD sales. As YTD home sales are down only 4% compared to 2009. Home prices are remaining stable with minimal changes. Minor decreases in sales activity and stable home prices usually means good news to home sellers. But not this year as there are 32% more sellers wanting to sell their Spring Texas homes than last year. The increased competition will push the sellers who really want to sell to be realistic on terms and sales price.
We are seeing some builders get creative in their efforts to stimulate demand in hopes of moving their completed inventory homes by holding week-end only sales. While other builders try to stimulate demand by offering huge BTSAs to Realtors.
If you are a buyer, it continues to be a good time to buy. As interest rates for 30-year loans are in the low to mid 4% range and are at 50 year lows. The increase in Spring Texas homes for sale gives buyers the upper hand in negotiating terms and sales price with sellers.
Want more numbers? Check out past Spring Texas real estate market reports.
The data represented is from the Real Estate Center at Texas A&M University and 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 Texas mailing address
I would highly recommend Jill Wente. I relocated from out of state and Jill went above and beyond to... read moreI would highly recommend Jill Wente. I relocated from out of state and Jill went above and beyond to help me find the perfect home. We had multiple calls in preparations of my trip to the Houston area and Jill really took the time to understand my needs and desires. Once I had decided on my home she continued to take time out of her personal schedule to show me the area. Jill focused on activities and areas that were kid friendly and we gathered documentation that I was able to share with my children to help get them excited about the move. Jill negotiated additions to my home that I did not think were possible and she held the builder to high standards. My home is perfect. I will use Jill for any future needs and will recommend her to family and friends! read less