The FULL March Houston Stats
The full numbers for March have been published and the Houston market stats continue to amaze me.
We managed to close more than 500 additional sales across the city in the month of March this year vs last year. A massive effort of new construction builds increasing the total number of homes is definitely helping making this number go higher each year.
Sale prices are up 11.4% year over year and we have 400 more sales pending than the same month last year so April is shaping up to continue this trend.
Pain versus pleasure is a great way to describe what is going on. Most people are motivated to avoid pain so now that rates have doubled, buyers are more motivated than ever before to purchase before rates go up anymore. You'd think that everyone would have bought when rates were low but way more people are motivated to avoid pain versus taking advantage of pleasure.
The summer selling season is about to kick off in full force so if you know anyone that needs to move and maximize their sale price, please have them reach out to our team anytime
>> Link to today's prevailing rates <<
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