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New listings dropped 13% and homes under contract jumped 22% reducing the months of inventory to 1.5 months. A high inflation data report and the potential for future increases in mortgage interest rates pushed buyers into action. Six months is considered a balanced market. Sitting at 1.5 months of inventory, the Spring Texas real estate […]

New listings jumped 13% week over week. Buyers snatched up the new listings keeping months of inventory at 1.6. Six months is considered a balanced market. With less than six months of inventory, the Spring Texas real estate market is a sellers market. Although the local real estate market is a sellers market, the decrease […]

Median days on market jumps to 55 days. As mortgage interest rates have risen so have days on market. Homes that before would have been under contract in hours are now taking days, weeks, months. Understanding the Spring Texas real estate market gives you the power to make sound financial decisions. Days on market, months […]

Spring Texas Real Estate Market experiences 35% drop in price decreases. Accounting for 12% of the price decreases was new construction builder, Legend Homes who made modest price adjustments to his inventory homes. Number of new listings hitting the real estate market show little change. With the number of new listings staying consistent and buyer […]

The dip in 30 year mortgage interest rates into the low 6s brought buyers out in droves last week. Spring Texas homes under contract jumped 23% due to increased buyer demand. Numerous Spring Texas Realtors reported an increase in Open House attendance. Is the summer selling season starting early? New listings dropped 28% week over […]

New listings added to the Spring Texas real estate market catapulted 32% last week. The holidays are over and homeowners have put their moving plans into action. Buyers snatched up the new homes on the market skyrocketing the homes under contract by 34%.  But not all of the new listings were absorbed by buyers increasing […]

2023 is starting off as anticipated with a 58% surge in new listings week over week. As soon as the holidays are over, new listings get added to the Spring Texas real estate market in droves. But even with the increase in new listings total listings remains at a low of 1.5 months of inventory. […]