The Houston Real Estate Market remains competitive and in favor of Sellers. There are some neighborhoods that are experiencing more sales with multiple offers but it's currently not too popular and widespread. The popular market price range with the most activity is hoovering around the average price of $320,000.
In order for the market to shift there are a few factors to consider other than rising interest rates, increased inventory, and shifting buyer expectations:
A transition simply underscores the need for sellers to adapt their strategies. Working with a knowledgeable real estate broker can help navigate this an evolving environment. Pricing the property competitively, addressing necessary repairs, and being open to reasonable negotiations can increase the chances of a successful sale. The key lies in recognizing the evolving market and adjusting accordingly to achieve a win-win situation for both buyers and sellers.
I am available to answer questions if you are planning to sell or buy a home.