The FRESH Report is IN!
The average list price is UP 2.1% from a year ago.
This is interesting considering we're heading into the section of the year where Real Estate takes a little longer to sell, so sellers are definitely optimistic. It should be interesting to see if the buying public agrees and it also translates to a bump in final sale prices when the full September data is released in the next week or two.
We are currently sitting at nearly 40,000 properties for sale across the city, so our inventory has grown dramatically over the last 4 years. Between sales and rentals there are nearly 50,000 active residential listings in Houston.
I looked back at this same month's email from 2021 and we had 33,000 FEWER listings than we do today.
This highlights the extreme importance of making sure we do everything possible to help our sellers get their homes ready for sale so that they stand out in the marketplace.
