New listings hitting the Spring Texas real estate market jumped 6% week over week. Buyers absorbed the increased in new homes keeping the months of inventory at a low 1.8 months. The Spring Texas housing market is still firmly being controlled by the sellers. Increased mortgage rates and higher home prices have drastically dampened buyer demand. The buyers who have adjusted their home expectations are finding it easier to negotiate with sellers as their offer may be the only one on the table.
Price decreases remain constant at 14% of total listings. Sellers were accustomed to homes selling in days and for over list price. The new normal is homes are staying on the market for weeks and sales prices are at list price or below. The market adjustment has some sellers adjusting list prices downward to decrease days on market.
Questions about the Spring Texas real estate market? Reach out to Jill Wente, Top Rated Spring Texas Realtor®
Market stats are from the Houston Association of Realtors for the week of November 1 – November 7, 2022 for single family homes in Spring Texas.
Do you know Jill Wente? If you don’t, then you need to meet her. She is one of the TOP... read moreDo you know Jill Wente? If you don’t, then you need to meet her. She is one of the TOP Realtors in Spring Texas and she exudes confidence, professionalism, friendliness, and sincerity.
From the first day we met, we knew Jill was the Realtor we wanted to represent us on the sale of our home. I opened our front door, and there stood Jill with her hand extended, a warm smile and a “Hello Dee Dee”! She greeted my husband the same way. We immediately felt comfortable with Jill Wente.
Jill explained the selling process, reviewed the comparables, and outlined her strategy to sell our Spring Texas home for top dollar. She went through our house room by room with us to stage the home. Later she returned with staging accessories to finalize the transformation of our home into a product.
Jill and her photographer / videographer make a great team. The photos and videos of our house made us say "WOW" and we wanted to buy it instead of selling it. We know that Jill's strategic and professional marketing helped us sell our home for top dollar.
Jill Wente gave us sage financial advice throughout the entire sale of our home. An example of the sage advice was when Jill recommended to us not to overprice our home. She explained that overpricing increases days on market and decreases the final sales price. Jill Wente is one of the Top Negotiators in the Real Estate Business. She negotiated favorable terms for the sale our home and displayed her skills once again during the negotiations of repairs.
Gary Greene must be as honored and proud of Jill Wente, as we are. Look no further for a Spring Texas Realtor who shares her knowledge (I took plenty of notes), her sense of humor, and her persistence to leave her clients ecstatic. She far exceeded our expectations, and we are grateful for her expertise and guidance during the stressful time of selling our home. read less