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Spring Texas home sales saw a steep decline in the number of home sales due to a shorten Thanksgiving work week. Months of inventory remains stagnant at 2.6 months. Low inventory is keeping housing prices elevated. High mortgage interest rates and seasonality has reduced buyer demand. Buyers if you are looking for a deal, now […]

Spring Texas home sellers are willing to negotiate. Average sales price to list price drops to 97%. If you’ve been waiting to buy a home until you get a deal, now’s the time to buy. 13.5% of Spring Texas home sellers decreased their list price last week. The holidays have arrived! And with the holidays […]

Last week’s dip in the 30 year mortgage interest rate had no impact on the Spring Texas real estate market. Total number of homes available for sale remain unchanged. Months of inventory of 2.6 remains unchanged from last week. New listings declined 19%. Seasonality has come into play. Homeowners are gearing up for the holidays […]

The Spring Texas real estate market climbed to the highest months of inventory in 2023. After starting out the year at 1.5 months, months of inventory has now risen to 2.6 months. Six months of inventory is considered a balanced market. Less than six months of inventory is considered a sellers market with more than […]

The Spring Texas real estate market climbs to 2.5 months of inventory. Higher interest rates have weaken demand resulting in fewer home sales and an increase in months of inventory. Months of inventory is amount of time it would take for all homes currently on the market to sell based upon past sales activity assuming […]

Although climbing to 2.4 months, the Spring Texas real estate market remains a sellers market. Six months of inventory is considered a balanced market. Less than six months of inventory is a sellers market and more than six months of inventory is a buyers market. Nationwide 96% of homeowners have an interest rate of 6% […]