The Fresh Report is IN!
Alright. The March Fresh Report has been published.
Active listing inventory is up to 26,527 homes and you can see thats a 135% increase over last year.
Sounds like a lot of houses for sale right?
Well, the entire year before the 2020 pandemic, Houston consistently carried about 40,000 active listings per month. So in actuality, we're still down about 35% in total inventory compared to 2020.
Another positive sign is list prices are still
up year over year over 10.5%.
The fact that so many people have a locked in sub 3% mortgage interest rate should continue to keep our inventory levels relatively low and I believe this is going to keep prices pretty stable in the near term.
We are headed into one of the best quarters of the year to sell a house and I have 3 new listings coming on the market next week and 2 the following week!
If we can help you sell a home or buy a new one, please call us and let's talk about your goals. We are here to serve you if you have a Real Estate need.