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.
Today I'm in Virginia but I'm going to give you a market update for the Houston real estate market. We're still in correction mode in Houston with a very slow September and an October market that picked up a little more steam.
In October our number of listings rose by 15% and the number of sales dropped by 15%, which shows a slowing market, but the number of pending homes means that the market will be set for a small rebound in the near future.
As we said at the beginning of the year, it looks like this market will be down by 10% this year, and it looks as if that's where we're trending right now. We're seeing price reductions, but homes that have their prices reduced are selling awfully quick. However, homes are still selling for full price on the first day.
Interest rates are still historically low, so that's just one more reason for buyers to get involved with this real estate market. You have the chance to save thousands of dollars over the lifetime of your loan, so don't hesitate if you've been wanting to buy a home.
Stay tuned for more great Houston real estate information!
