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Home sales plunge 52% week over week. What happened to the Spring Texas real estate market? Has the market crashed? It’s ok. The market hasn’t crashed. Last week was a holiday week and fewer working days resulted in fewer home sales. New listings dropped 41%. Seasonality which has been missing from the Spring Texas real […]

New listings hitting the Spring Texas real estate market drop by 32% due to holiday seasonality. Our real estate market typically sees fewer new listings between mid-November and the third week of December. The homeowners listing their houses during this timeframe have a defined new and timeframe to move. They are motivated sellers. 11% of […]

The number of Spring Texas homes receiving a price decrease exploded to 32%. Seasonality coupled with sellers impatience caused the explosion in price decreases. Sellers with an end of year time frame felt the clock ticking and decreased their listing price. New listings hitting the Spring Texas real estate market jumped 13%. Sellers needs to […]

New listings hitting the Spring Texas real estate market jumped 6% week over week. Buyers absorbed the increased in new homes keeping the months of inventory at a low 1.8 months. The Spring Texas housing market is still firmly being controlled by the sellers. Increased mortgage rates and higher home prices have drastically dampened buyer […]

Higher monthly mortgage payments cools the Spring Texas real estate market. Pending home sales dropped 13% and home sales dropped 17% week over week. Home sales units is decreasing. Some buyers are taking a wait and see approach to the real estate market causing homes to stay on the market longer. Listing inventory showed no […]

Even with mortgage rate increases homebuyers are still out pursuing the American dream of homeownership. The number of Spring Texas homes under contract jumped 8% over the last week. Total listings and months of inventory are relatively unchanged from last week. The Spring Texas real estate market is a sellers market.  The recent increase in […]