The Houston Real Estate Market is holding strong for now.
The Houston market is holding relatively steady right now with a 1.6 month supply. Still a strong seller's market for a correctly priced property.
In a normal market we typically have about 4 months worth of supply, so even though we are seeing a slight increase in available inventory year over year, we're still historically very low.
This should allow great properties to sell with multiple offers going forward for the near future.
Nothing exists in a vacuum though.
Opposing forces are always at work; we're still dealing with interest rates increasing which has begun to dampen mortgage demand nationwide, and yet we have lots of people relocating from other states.
Regardless of all the various economic forces at work, some percentage of the population will consistently find themselves with a need to move.
If you find yourself in that situation, please call our team.
Want to know more about how our team works?
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