I know that table is a little bit of an eye chart but study it for 10 seconds and read on.
This is the inventory level and 12-month sales history in the 10 square miles around my office, from $300-800K price point.
There are currently 295 homes actively listed, and over 5,000 homes have sold in the last 12 months.
This ratio represents less than a 1 month supply of homes. I have been tracking this every week for the past 3 years and despite interest rates ticking up a little this past few weeks, were actually dealing with the all time low level of inventory.
4 months of inventory is considered a "normal market" favoring neither buyers or sellers. We're running at just under 18% of the total listings required to be considered a balanced marketplace.
So what is this lack of inventory causing to happen in real life? 
We just closed on a home today with our buyer clients that we had to bid $41,000 over the list price to win over 10 other offers.
We just listed a beautiful home in Cinco SW last week, for nearly $800,000 and we already have 3 offers and they are wayyyyy above asking.
We are about to list a past client's home in the next few weeks that they just bought last April for $350K. Our list price now? At least $400,000.
Texas seems to be on an incredible run and it does not seem to be letting up for the near future.
If you are thinking about selling your house this spring or summer, and you want a team that will work to help you maximize your price in the marketplace, please reach out.
We will walk you through the whole process: Helping you prepare your home for market, preparing and presenting your listing for maximum value, and guiding you through the negotiations to the closing table.
We are here every step of the way.