How You Can Determine the Worth of Your Houston Home
Looking to buy or sell a home in Houston, TX? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (832) 428-6453 for a FREE home buying or selling consultation to answer any of your real estate questions.
The Houston are has been on fire lately, and the month of September was no exception. We've sold around 7,900 properties, which is an increase of 7% since last year. Inventory is below 3 months, which makes now an incredible time to be a seller. Around $2 billion in property has been sold thus far in 2014, which is up $300 million from last year, or 16%.
Why is the market so hot, you ask? Much of it is thanks to the Greater Houston Partnership, whose goal is to make the Houston area the best place to live, work, and build a business. Because of this partnership, Houston was ranked first in growth of all the metro areas across the nation. Another reason may be do to our size - combining all of our counties, we would be the 25th largest country in the world. Since 2008, we have seen our GDP skyrocket by $84 billion, which is bigger than the 6 largest metro areas combined! Yet another reason is the rate at which people are moving here; about 1,000 people are moving to Texas every day and a good share of them are coming to Houston.
As you can see, Houston is a great place to be right now. With no signs of the market slowing down, our advice is to take advantage of these conditions while they last. If you would like to discuss your options, or if you have any questions about real estate in our area, please don't hesitate to reach out to us. We would love to give you a hand!
