Spring Texas Real Estate Market Reports

May 15, 2023

Spring Texas Real Estate Market Report May 15, 2023

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 […]
May 8, 2023

Spring Texas Real Estate Market Report May 8, 2023

Spring Texas Homes under contract dropped 8% week over week. Uncertainty in the market due to a readjustment in borrower fees on conventional loans and the Fed’s increase in the overnight borrowing rate caused buyers to take a pause and reevaluate their finances.  New listings hitting the Spring Texas real estate market showed no movement […]
May 1, 2023

Spring Texas Real Estate Market Report May 1, 2023

Spring Texas homes under contract skyrocketed 19% week over week.  With the Fed meeting almost certain to bring another increase in the overnight borrowing rate, buyers scrambled to lock in interest rates. In addition, on May 1 the total fees borrowers will pay on conventional loans with Fannie Mae and Freddie Mac were readjusted. Not […]
April 24, 2023

Spring Texas Real Estate Market Report April 24, 2023

The Spring Texas real estate market saw very little change week over week. Inventory remains a paltry 1.4 months keeping sellers in control of the Spring housing market. With high mortgage interest rates homeowners are disincentivized to move. According to Goldman Sachs, 99% of borrowers have a mortgage rate lower than 6% (or the current […]
April 17, 2023

Spring Texas Real Estate Market Report April 17, 2023

The Spring selling season is in full gear with new listings rising 37% over last week. With only 1.4 months of inventory, its the sellers who are in control of the Spring Texas real estate market .  Six months of inventory is considered a balanced market. More than six months of inventory is considered a […]
March 28, 2023

Spring Texas Real Estate Market Report March 27, 2023

The Spring selling season is HERE. New listings hitting the Spring Texas real estate market jumped 64% week over week. With Spring Break being the week before which is historically a lower listing week, the week over week increase is inflated but still is an indicator of the start of a strong selling season. Months […]
March 21, 2023

Spring Texas Real Estate Market Report March 20, 2023

New listings coming onto the Spring Texas real estate market plunged 37% week over week. Don’t sound the alarms. The drop is new listings was anticipated. The week of Spring Break historically experiences a decrease in new listings. Homeowners are enjoying the week with their families as others use the week to get their homes […]
March 13, 2023

Spring Texas Real Estate Market Report March 13, 2023

The Spring selling season has kicked off with new listings skyrocketing 28% week over week. Even with the recent uptick in mortgage interest rates, demand has stayed steady. Months of inventory for the Spring Texas real estate market continues to remain tight at 1.5 months. Steady demand and tight inventory is keeping sale prices high. […]
March 6, 2023

Spring Texas Real Estate Market Report March 6, 2023

The health of the Spring Texas real estate market can be determined through the evaluation of the key indicators of months of inventory, sales price to list price, average sales price, and days on market. The number of months of inventory tells you  who’s in control of the market. Six months is considered a balanced […]