The FRESH Report is IN!
The Fresh Report for the month of May is in and the market is hanging onto the values by its fingernails. Average list price is up just 0.1% over last year.
Considering the listing volume is up over 44% this is a testament to the incredible demand that Houston has been able to generate with its Real Estate Market.
I am loving the pre pandemic numbers that HAR is providing at the bottom of each of these stats. Anytime you have a crazy couple years it becomes very difficult to keep things in context of what "normal" looks like. As you can see, we still have a very robust market compared to just 4 years ago pre-pandemic.
I am looking forward to the day we've moved far enough out from the Covid days that those stats become irrelevant.
Texas has significantly outpaced the rest of the country in economic growth over the last several years and we still have people moving here from other parts of the country. This should generally cause our prices to hold stable and continue to rise over the long term.
As weird as mortgage rates have been this last year, the next couple of years is going to be a great time to acquire properties before the next upward cycle. So, save your pennies and call me if you'd like to pick up an investment property!
I will be buying at least one in the next year myself and I am very familiar with the process. I'd like to get you going on that journey as well.
Please call our team anytime if you've got questions about the market or if you'd like to have any kind
of Real Estate conversation.
Want to know more about how our team works?
Click HERE for our seller info package.
Click HERE to see our current listings.
You don't become confident
by shouting affirmations in the mirror
You become confident
by having a stack of undeniable proof,
that you are who you say you are.
Outwork your self doubt.