Attention, Houston homeowners: are you thinking about selling your house this spring?
The January numbers are in, and the Houston real estate market is strong and stable! Leading indicators show a diminished inventory, which means prices will strengthen and now is the perfect time to sell!
Many homeowners tend to hesitate when the idea of selling first comes to mind, especially when they’re uncertain about current market conditions. Thankfully, after reviewing the data, it’s safe to say the Houston market is thriving so far in 2018, and it’s no surprise that the housing demand in Houston is on the rise.
Houston real estate market YoY
January 2018 saw 8,797 new listings, compared to 9,274 last January. Average days on market are currently 67, compared to 65 one year ago. Sales price as a percent of list price is 94.3% as compare to exactly the same percent. As I said, the Houston real estate market is strong and stable!
Post Hurricane Harvey shortages in labor and supplies are preventing builders from keeping up with the gap between resale, new builds, and the overall demand. With a predicted increase of 70,000 jobs in the Houston area, demand will only continue to increase!
What this means for sellers in Houston
Current market conditions indicate that homeowners considering selling should not waste any time; with demand increasing in the Houston market, your home’s current value could be higher than you expect, and buyers who are ready to move may be willing to place aggressive offers.
All this said to encourage you to contact me for a free consultation on your property. If you’re considering listing your home, Springtime is usually the best time to get the most bang for your buck!