The Fresh Report is IN!
Very interesting development in the Houston market this past month. April marks the first month in over a year where our active listing volume grew from the same month previous year. To be sure, one data point is not yet a trend, so we'll monitor this in the months to come. The average 30 year fixed is now up to 5.48%
We took fractionally fewer listings and the closed sale prices are up 12.7% on average, so still healthy, but this could signal the beginning of a shift in the market. Can't wait to see how the rest of this month plays out and we'll see if there is another rush of buying in the next few months.
No matter where the market decides to go, the same rules will always apply; buyers tend to prefer turn-key homes in great shape, where they don't need to do much after moving in.
Our team had an extraordinary April and we helped 17 clients change their address last month and maximized their net proceeds by helping them prepare their homes for sale.
If you need help doing the same, please reach out anytime.
If you have a plan to sell a house in the next couple of months, please schedule an appointment with our team as soon as you can.
> Link to today's mortgage rates <
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If you work hard and creatively,
you can have just about anything you want,
but not everything you want.
Maturity is the ability to reject good alternatives
in order to pursue even better ones.
-Ray Dalio