How is the Sellers Real Estate Market

Welcome back! I’ve been in the real estate business for 10 years and I have never seen a sellers market like we are in today.

A balanced market occurs when we have about 5-6 months of inventory. Currently we only have 3.5 months. That means with the current demand, if no new homes came on the market, it would only take 3.5 months for all the homes listed to sell.

If you have a home with a competitive price and it’s in good condition, you more than likely will see your home sell in the first week.

There is a huge demand now. Homes are getting multiple offers. Buyers are motivated and a lot of them are offering cash.

If we look at some of the micro markets, homes that are above $1 million in the Bellaire area are at about 2-3 months of inventory; homes below $1 million are under two months.

It is the best time to sell your home now! Give me a call so we can get your home listed!