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Been waiting for the mortgage interest rates to go down before listing your Spring Texas home? Stop waiting and list NOW!  With this week’s inflation numbers coming in hotter than anticipated, the probability of a decrease in the overnight borrowing rate in March dropped down to zero. Home buyers who are waiting for the mortgage […]

Months of inventory drops again down to 2.2 months. Six months of inventory is considered a balanced market. Less than six months is considered a sellers market. The Spring Texas real estate market is a sellers market and will remain a sellers market for 2024. We will not see significant movement in mortgage rates until […]

Buyers jump on lower interest rates. The number of Spring Texas homes under contract jumped 15% 📈week over week. While the number of new listings minimally increased, the number of available homes dipped 2.5%. Months of inventory remained constant at 2.3 months. Six months is considered a balanced market. Anything less than 6 months is […]

Spring Texas pending home sales jump 50% week over week. That’s right 50% week over week. Declining mortgage interest rates have buyers out shopping and buying. Mortgage interest rates have declined 1% since October 2023. Buyer demand has not only eaten up all the new listings it also has taken a bite out the total […]

What a difference a year makes in the Spring Texas real estate market. January 16, 2023 we had 1.6 months of inventory and the number of Spring Texas homes for sale was 636. Sellers had a strangle hold on the market. Fast forward to 2024 where there’s 809 Spring Texas homes for sale and 2.4 […]

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 […]