Market Updates

May 11, 2024

Getting Your Home Ready To Sell

I just showed a home to a buyer yesterday and I immediately knew I had to tell you this. If I can prevent one person from doing this it will be worth it.

It wasn't as bad as the photo above...but you get the idea. Sometimes, people spend money …

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Posted in Market Updates
May 5, 2024

April Fresh Report Katy Texas

The April Fresh Report has hit and you can absolutely see the public trying to get in on the selling season. 

New listings are up a whopping 30% compared to last year. 14,793 Properties were listed for sale this April compared to 11,355 last year. 

Listing inventory is …

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Posted in Market Updates
April 5, 2024

April Market Update For West Houston

One of my good Realtor friends made a facebook post yesterday. It simply said:

"Real Estate prices are not going to come down. Thank you for coming to my Ted Talk"

I am here to tell you I agree.

I have been looking for another rental property …

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Posted in Market Updates
March 30, 2024

Katy Texas Area Market Update

February sales report for the local market has been published.

I can tell the city is still growing, because despite the mortgage rates not being in anyone's favor these last 18 months, our prices are still creeping upward, and the monthly sales volume is still growing.

Houston had …

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Posted in Market Updates
March 8, 2024

March West Houston Market Update

If you've been paying attention you've noticed the prices around Houston have been largely flat over the past year. Part of me has been expecting some sort of decline at SOME point... and yet, here we are again with another month where prices are, again, slightly UP from last year.

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Posted in Market Updates
Feb. 17, 2024

West Houston Market Update

HAR has published the full report for the January sales in Houston.

 

You can dig into the full report HERE and my thoughts are just below:

 

Every month I anxiously await to see if we're having any changes in the prices year over …

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Feb. 3, 2024

2/3/24 - West Houston Real Estate Update

The January Fresh Report has been published by HAR and Houston just continues to impress.

 

Average January list prices are up 2.6% compared to last year at $408,076, and I anticipate this number will continue to rise as we get into the spring and summer.

 

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Feb. 1, 2024

Cinco Southwest January Market Update

Each month in Cinco Southwest I distribute market updates as a doorhanger. (attached is a copy)

The information is interesting to look at. January of 2024 saw 5 homes sale versus 6 the same month the prior year. The average sales price was roughly $600,000 both years however price …

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Jan. 26, 2024

Let's Talk About Interest Rates

The Fed is believed to be planning to drop the Fed Funds Borrowing Rate at least 4 times over the next 12 months.

This means we could see Mortgage Rates back into the 5's by the end of this year.

If that happens, experts are saying that we …

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Jan. 10, 2024

December 2023 Real Estate Update

The December Fresh Report is in from HAR

The basic summary of this data is we have returned to a very similar inventory level that we had 4 years ago.

The difference now is that the average mortgage rates are about 2% higher than they were 4 years …

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