what is the Housing Market like in Houston
2022 answer(s)
About 2 years ago
According to RedFin, prices are up 22.4% compared to last year. As an active agent, to begin to tell you, in Houston, the current housing market has been recently at a varied reach, so to speak. When working with approved buyer's, the home search can be where it feels like limited inventory of saleable residential homes. When a property is found for a buyer often times there are also other or multiple offers submitted on the same property. Houston is such a great place to live, raise a family, educate kids and adults, enjoy a nightlife and social life, participate in sports and activities and so much more. So if one inquires about the Houston market, considering moving here, I'd say certainly do it and do it sooner than later.
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According to Roof Stock - Multiple offers, massive bidding wars, and inventory at 25-year lows are three of the best ways to describe the state of the...
According to Roof Stock - Multiple offers, massive bidding wars, and inventory at 25-year lows are three of the best ways to describe the state of the...
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Hi Roxanna!
That depends on what you need to do! Are you selling, buying, renting, or investing? LOL
Currently, in Houston, inventory is low, and mortgage interest rates are also low, so there are a lot of buyers. Sellers are getting top dollar for their properties and closing in record time. Most are getting far over their asking price. But as a buyer, even if you have to pay a little more for a property you love, you can still come out ahead due to the low interest rates. There is a ton of movement in the rental and investing markets, as well. So in short, the answer to your question is: the market is in Houston is hot!!!
Where are you located? If you need a Houston area realtor for a referral please let us know!
James Meador and Vanessa Esma
The Stellar Home Group
Re/Max 5 Star Realty
281-450-7199
That depends on what you need to do! Are you selling, buying, renting, or investing? LOL
Currently, in Houston, inventory is low, and mortgage interest rates are also low, so there are a lot of buyers. Sellers are getting top dollar for their properties and closing in record time. Most are getting far over their asking price. But as a buyer, even if you have to pay a little more for a property you love, you can still come out ahead due to the low interest rates. There is a ton of movement in the rental and investing markets, as well. So in short, the answer to your question is: the market is in Houston is hot!!!
Where are you located? If you need a Houston area realtor for a referral please let us know!
James Meador and Vanessa Esma
The Stellar Home Group
Re/Max 5 Star Realty
281-450-7199
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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