Spring Texas Real Estate Market Reports

February 28, 2024

Spring Texas new listings jump 14%

New listings jumped 14% week over week. The local Spring Texas real estate market has seen a renewed interest by sellers to move forward with their lifestyle plans. Home buyers and home sellers are tired of waiting and waiting and waiting on inflation numbers and interest rates to come down. We are experiencing more seller […]
February 20, 2024

Spring Texas homes under contract jump 19%

The number of Spring Texas homes under contract jumped 19% week over week. Months of inventory remains at a low of 2.2 months. Less than six months of inventory is considered a sellers market. When is the Spring Texas real estate going to be in a buyers market? I’ll go out on a limb and […]
February 14, 2024

Stop waiting for an interest rate drop. List your Spring Texas house now!

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 […]
February 5, 2024

Spring Texas Real Estate Market is a Sellers Market

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 […]
January 29, 2024

Spring Texas Real Estate Market – 15% jump in pending sales

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 […]
January 22, 2024

Spring Texas Pending Home Sales Jump 50%

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 […]
January 16, 2024

Spring Texas Real Estate Market heats up with 2.4 Months of Inventory

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 […]
November 28, 2023

Spring Texas Real Estate Market Report November 27, 2023

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 […]
November 20, 2023

Spring Texas Real Estate Market Report November 20, 2023

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 […]