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Summer selling has arrived! New listings added to the Spring Texas real estate market catapulted 35% week over week. Homes under contract dropped 5%. Total homes available jumped up by 7.7%.  Buyers have the highest quantity of homes of homes to choose from in all of 2023.  Months of inventory grew to 1.7. Mortgage interest […]

Months of inventory sits at 1.5 months for the third week in a row. Total listings on the Spring Texas real estate market remains unchanged. The housing market dodged a bullet last week with the federal government coming to an agreement on the debt ceiling. If an agreement hadn’t been reached on the debt ceiling, […]

Months of inventory sits at 1.5 months for the second week in a row. Total listings on the Spring Texas real estate market minimally increased by 1.8%. The debt ceiling crisis pushed mortgage interest rates higher last week causing some buyers to push the pause button on their home buying decisions. Graduations, end of school […]

Rising to 1.5 months, the Spring Texas real estate market experienced its first uptick in inventory in 7 weeks. New listings catapulted 15% and with no increase in demand total listings swelled to 548 homes. With 99% of borrowers locked  into mortgage interest rates less than 6%, 2023 will be the year of the missing […]

Describe the Spring Texas real estate market in one word … “Stagnant”. New listings is staying even with demand keeping months of inventory at a paltry 1.4 months. The selling and buying occurring in 2023 is being ruled by life events … death, divorce, job, marriage, downsizing, desire to become a homeowner. High interest rates […]