If you've been paying attention you've noticed the prices around Houston have been largely flat over the past year. Part of me has been expecting some sort of decline at SOME point... and yet, here we are again with another month where prices are, again, slightly UP from last year.
Average list price rose to $413,508 across the city.
Inventory is still growing slowly, with more than 12,000 new listings this month, and nearly 24,000 total. We are now entering a "stable" market that favors neither buyers or sellers with this level of housing inventory.
That said...there are still lots of pockets where inventory is limited and if you have an amazing home and you price it correctly, you will still see buyers taking homes like that the first weekend.
That's the key; prepare the home and price it correctly.
In fact, we just listed the most expensive Cinco SW home ever at 1.5 million (non-gated) and it's immediately under contract so the market is rewarding properly prepared listings. *Property since closed for corresponding price record!
The longer I do this job, the more frustrated I get when I see homes that are simply not prepared
People simply aren't getting the guidance they need to navigate the market.
When you are ready to sell, give us a call! Start your Katy home search here.
