A Hand-typed market update:
The story of February is the week long freeze and the havoc it wreaked on the Houston Real Estate Market.
New listings entered in the MLS were down almost 30% from the same month last year.
Our total inventory is also down by almost half the level it was last year. Talk about exacerbating an already annoying inventory problem. Hopefully we will see sellers list en masse here in the next few months.
Due to the shortage, you can see asking prices are up over 15% from where they were a year ago.
If you can make a plan for where you would go, now is an incredible time to put a house on the market.
If you've got any questions about Houston Real Estate, please reach out anytime.
Want to know more about how our team works?
Click HERE for our seller info package.
Click HERE to see our current listings.