HAR has released it's FRESH Report for the month of February!
New Listing volume is up with almost 9,500 new homes added to the market in February compared to
8,111 listings added in Feb of last year.
The total active listing inventory is now up to over 20,000 available homes, and while this looks like a massive increase in the short term, I looked back to 2019 and early 2020 just to compare, and at that time we consistently had over 40,000 active listings available across the city.
So while active inventory has grown from 10-20K total listings in this past 12 months, its actually still less than half of what it was just a few years ago.
This means it's still possible to go under contract in a timely manner if the house is prepared well, presented well, and reasonably priced.
Finally, average active list prices are still holding up at a 10.4% increase over last year at this same time.
The public is still getting used to the new normal with interest rates now hovering in the 6% range, but regardless, around 10,000 homes will transact in Houston every month this year.
If you would like to be one of them, and you want guidance to achieve the highest possible price in your timeframe, please call our team anytime. We are here to serve you if you have a Real Estate need.
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