The Houston real estate market is shifting: here is what you need to know!

According to Har.com, there are more listings hitting the market than the previous 12 months. This is great news for buyers! The downside to these statistics is that the close sales are down by 32% last month.

What does this mean for sellers? The conversation is going to be looking a little different than we had in December. There is more competition on the market so this means it is absolutely crucial to have your home priced right the first time. Competitive pricing is what will be essential to getting your home to the closing table. Things that also help is having your home professionally staged & photographed, which AMH does for you at no cost.

Buyers - the interest rates have fluctuated over the last four years but are at a decent rate now. If you sat out on buying last year due to the competition & high interest rates, now is your time to find a home. There are more properties to chose from so you do not have to settle.

Worried about the interest rates? People are still buying and selling real estate, so the interest rates are not stoping the market. The key is to know your options. If you want to find out more about your financial options for buying/selling right now, text me (831.234.4882) or send me an email alexmccauley@kw.com.

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