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 made me feel like we were genuinely in the BEST of hands for the duration of our home sale!... read moreJill made me feel like we were genuinely in the BEST of hands for the duration of our home sale! She is absolutely incredible at her job and we never had to worry about anything because the second we begun to wonder about anything, she already had an email or text on the way to put our minds to rest. :)
I really cannot thank her enough for the amazing job she did with selling my first house. I always felt like she made my husband and I a high priority and I am beyond elated with the impeccable work she did for us to sell our home at full asking price--and SO quickly! Her marketing strategy was for our home was brilliant, the photos she took were exquisite, and her patience with me during this new process was really admirable. I asked many, many questions since I had not sold a home before and I was humbled by the amount of generous time she spent solely answering my lengthy list of questions.
Thank you Jill. You are the BEST realtor. We are so grateful for you! read less