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
Jill was fantastic to work with! She was professional and easily accessible throughout the process. Her communication was excellent and... read moreJill was fantastic to work with! She was professional and easily accessible throughout the process. Her communication was excellent and she did a great job of keeping us informed every step along the way. She is very experienced and really knows how to market the specific features of your home that will help it stand out from the crowd. Her marketing strategies resulted in a full price offer on our home in less than 3 weeks - I would highly recommend Jill! read less