HOUSTON STRONG - NOW is the Time to Buy Real Estate

Houston, Texas, is a bustling and growing city with a diverse economy and a thriving real estate market. In this blog, we'll take a look at the current state of the real estate market in Houston and what buyers and sellers can expect in the coming months.

Home prices in Houston have continued to rise steadily over the past year, driven by strong demand and low inventory. According to the Houston Association of Realtors, the median sales price for a single-family home in Houston increased by 13.2% in January 2022 compared to the same month the previous year. The average sales price also rose by 13.1% during the same period. This trend is expected to continue in the coming months, as more people move to the city and look to purchase a home.

Despite the rising prices, Houston remains an affordable market compared to other major cities in the country. This has led to an influx of buyers, particularly from California and other expensive coastal cities, who are looking for a more affordable and spacious lifestyle. This has put even more pressure on the already limited inventory of homes for sale in Houston.

For sellers, this is an ideal time to put their homes on the market. With low inventory and high demand, sellers can expect to receive multiple offers and potentially even sell their home above asking price. However, it's important to work with an experienced and knowledgeable real estate agent who can help navigate the complexities of the market and ensure a successful sale.

For buyers, it's important to be prepared and act quickly when a desirable property comes on the market. This means having a pre-approval letter from a lender and working closely with a real estate agent who can provide insights and guidance on the current market conditions. Buyers may also want to consider expanding their search to include surrounding areas outside of the city, where they may find more inventory and potentially more affordable prices.

Overall, the real estate market in Houston is strong and shows no signs of slowing down. With high demand and low inventory, sellers can expect to receive top dollar for their homes, while buyers need to act quickly and be prepared to make competitive offers. The key to success in this market is to work with an experienced and knowledgeable real estate agent who can help navigate the complexities and maximize the opportunities.

To find your place in the market -- buying or selling -- Call 281-710-3090.  TheSamTeam.com at Houston Top Realty.