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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% […]

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 […]