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Higher mortgage interest rates has dampened homebuyer demand causing Spring Texas homes to sit on the market longer and for months of inventory to grow. With 92% of mortgage holders with interest rates below 6%, buyers are disincentivized to move. Move-up buyers are missing from the year of 2023. The buyers and sellers of 2023 […]

For the third week in a row, the Spring Texas real estate market continues its trend of higher inventory. With the inventory at its highest level of 2023, buyers are feeling the loosening of the sellers stranglehold on negotiations.  But this is not the time for the low ball offers. As six months of inventory […]

For the second week in a row the Spring Texas real estate market sits at 2.2 months of inventory. Inventory levels are at the highest they have been in 2023. Six months of inventory is considered a balanced market and less than six months of inventory is considered a sellers market. The first six months […]

Spring Texas Real Estate Market jumps to 2.2 months of inventory hitting another new high for 2023.  A balanced real estate market is when there’s six months of inventory. Neither the buyer or the seller has the upper hand in negotiations. Less than six months of inventory has the seller gives the seller the upper […]

Spring Texas Real Estate Market catapults to 2.1 months of inventory hitting a new high for the year. Six months of inventory is considered a balance market. We are still in sellers market territory but buyers are gaining negotiating power. Higher inventory levels means longer days on market. If you’re a deal hunter, filter your […]

Spring Texas Real Estate Market rises to highest level of inventory in 2023. The summer selling season and high mortgage interest rates are the culprits of the jump in months of inventory. Historically 60% of the residential real estate sales occur between May and August because Sellers with kids want to move between the school […]

The Spring Texas Real Estate Market remained at 1.9 months of inventory for the second week in a row. With Interest rates in the high 6% buyers are sitting on the sidelines waiting for the rates to drop. When will the interest rates drop? A recent Morningstar forecast suggests 30-year mortgage rates will average 5% […]

Spring Texas Real Estate Market hits highest level of inventory in 2023 with 1.9 months. If you have been on the sidelines due to intense competition or lack of choices, now is the time to restart your home search. New listings increased 5% week over week. Sellers are feeling summer getting away from them as […]