In today's fast-moving real estate market, timing is everything. Did you know if your home is on the market for over 180 days, you might only receive 92% of the sales price? On a $500,000 home, that's a staggering $40,000 lost. In Houston, the average sales price has seen an uptick of 3.5%, jumping from $423,000 to $438,000. Moreover, the inventory has surged by 23%, with 11,407 homes currently on the market.
👉 For Buyers: The current climate suggests buying sooner rather than later. With interest rates fluctuating and the market heating up, waiting could lead to higher prices and stiffer competition.
👉 For Sellers: To maximize your home's value, focus on turnkey conditions. Homes that are well-maintained, correctly marketed, and priced accurately continue to sell at excellent prices.
Have questions about the market or need personalized advice? Drop your questions in the comments or send us a DM. Stay tuned for more insights and tips to navigate the Houston real estate market successfully.
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