Spring Texas Real Estate Market Reports

The Spring selling season has kicked off with new listings skyrocketing 28% week over week. Even with the recent uptick in mortgage interest rates, demand has stayed steady. Months of inventory for the Spring Texas real estate market continues to remain tight at 1.5 months. Steady demand and tight inventory […]

The health of the Spring Texas real estate market can be determined through the evaluation of the key indicators of months of inventory, sales price to list price, average sales price, and days on market. The number of months of inventory tells you  who’s in control of the market. Six […]

New listings surged 21% last week. Price decreases dropped 42%. Homes under contract declined 6%. Are sellers getting ready for the Spring real estate market?  March, April, and May are traditionally the months that our listing inventory volume increases. Sellers are listing their homes in anticipation of moving during the […]

New listings dropped 13% and homes under contract jumped 22% reducing the months of inventory to 1.5 months. A high inflation data report and the potential for future increases in mortgage interest rates pushed buyers into action. Six months is considered a balanced market. Sitting at 1.5 months of inventory, […]

New listings jumped 13% week over week. Buyers snatched up the new listings keeping months of inventory at 1.6. Six months is considered a balanced market. With less than six months of inventory, the Spring Texas real estate market is a sellers market. Although the local real estate market is […]

Median days on market jumps to 55 days. As mortgage interest rates have risen so have days on market. Homes that before would have been under contract in hours are now taking days, weeks, months. Understanding the Spring Texas real estate market gives you the power to make sound financial […]

Spring Texas Real Estate Market experiences 35% drop in price decreases. Accounting for 12% of the price decreases was new construction builder, Legend Homes who made modest price adjustments to his inventory homes. Number of new listings hitting the real estate market show little change. With the number of new […]

The dip in 30 year mortgage interest rates into the low 6s brought buyers out in droves last week. Spring Texas homes under contract jumped 23% due to increased buyer demand. Numerous Spring Texas Realtors reported an increase in Open House attendance. Is the summer selling season starting early? New […]

New listings added to the Spring Texas real estate market catapulted 32% last week. The holidays are over and homeowners have put their moving plans into action. Buyers snatched up the new homes on the market skyrocketing the homes under contract by 34%.  But not all of the new listings […]