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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 […]

Months of inventory for the Spring Texas real estate market jumps 6%. It’s the first increase in months of inventory in over a month. Months of inventory came in at 1.7 months. Yes, it was an increase but don’t lose sight of the fact that we are still firmly in a sellers market in Spring […]

Low listing inventory keeps the Spring Texas real estate market firmly in a sellers market with only 1.6 months of inventory as listing inventory constricts further with a 1.8% decrease. Price decreases continue as sellers are still grappling with the normalization of the Spring housing market. The jump in mortgage interest rates to the high […]

Even with a 24% decrease in new listings, inventory of total active listings is relatively unchanged from last week. Fewer Spring homes going under contract is keeping inventory unchanged. The jump in mortgage interest rates to the high 6 – low 7 percent range has moved buyers to the sidelines. Less competition has pushed some […]