There are many great Houston area homes for sale. 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 me at 832-428-6453 for a FREE home buying or selling
consultation to answer any of your real estate questions.
We've seen strong sales here in Houston with the exception of May. We're finding ourselves right where we thought we would be in August.
One notable occurrence in our market is the overall lack of inventory that we're seeing. This means that sellers have a chance to profit off of a home sale because demand is high and supply is low.
We're also heading more towards a normal market, and we expect sales to decline by nearly 10% as we head into the slower fall market. We do expect prices to increase by 4-5%, so now is a good time to buy to gain some equity.
We still expect interest rates to increase, because it's difficult to imagine them getting any lower. We think they'll probably increase by a point by next fall. Homes are extremely affordable with current rates, so please don't hesitate to purchase if you have been thinking of doing so.
If you have any further questions about the market in Houston, or if you would like an update that is geared specifically for your neighborhood, please don't hesitate to contact me.
