Spring Texas Real Estate Market Reports

Months of inventory sits at 1.5 months for the second week in a row. Total listings on the Spring Texas real estate market minimally increased by 1.8%. The debt ceiling crisis pushed mortgage interest rates higher last week causing some buyers to push the pause button on their home buying […]

Rising to 1.5 months, the Spring Texas real estate market experienced its first uptick in inventory in 7 weeks. New listings catapulted 15% and with no increase in demand total listings swelled to 548 homes. With 99% of borrowers locked  into mortgage interest rates less than 6%, 2023 will be […]

Describe the Spring Texas real estate market in one word … “Stagnant”. New listings is staying even with demand keeping months of inventory at a paltry 1.4 months. The selling and buying occurring in 2023 is being ruled by life events … death, divorce, job, marriage, downsizing, desire to become […]

Spring Texas Homes under contract dropped 8% week over week. Uncertainty in the market due to a readjustment in borrower fees on conventional loans and the Fed’s increase in the overnight borrowing rate caused buyers to take a pause and reevaluate their finances.  New listings hitting the Spring Texas real […]

Spring Texas homes under contract skyrocketed 19% week over week.  With the Fed meeting almost certain to bring another increase in the overnight borrowing rate, buyers scrambled to lock in interest rates. In addition, on May 1 the total fees borrowers will pay on conventional loans with Fannie Mae and […]

The Spring Texas real estate market saw very little change week over week. Inventory remains a paltry 1.4 months keeping sellers in control of the Spring housing market. With high mortgage interest rates homeowners are disincentivized to move. According to Goldman Sachs, 99% of borrowers have a mortgage rate lower […]

The Spring selling season is in full gear with new listings rising 37% over last week. With only 1.4 months of inventory, its the sellers who are in control of the Spring Texas real estate market .  Six months of inventory is considered a balanced market. More than six months […]

The Spring selling season is HERE. New listings hitting the Spring Texas real estate market jumped 64% week over week. With Spring Break being the week before which is historically a lower listing week, the week over week increase is inflated but still is an indicator of the start of […]

New listings coming onto the Spring Texas real estate market plunged 37% week over week. Don’t sound the alarms. The drop is new listings was anticipated. The week of Spring Break historically experiences a decrease in new listings. Homeowners are enjoying the week with their families as others use the […]