Becky's Best Bungalow Bets for Oct 22, 2023: 5 New Listings + By the Numbers

Hello BBBB Friend,

Have you ever wondered how a house you know has been listed for ages suddenly shows up as a "new" listing on HAR? When a property lingers on the MLS for an extended period, it can develop a stale image. Prospective buyers might then speculate that there's an issue with the property, causing them to overlook it. By terminating the listing and reintroducing it as new, it can breathe new life into its marketability. This week, while 31 properties were marked as "new" listings in the Heights, only 21 were fresh on the market.

Today, I am featuring five new listings. Click HERE  to see price reductions, new contracts, and final sales for homes that are Still on My List. 

MARKET UPDATE FOR SEPT 2023

• While Houston home sales were down for an 18^th consecutive month in September, the Heights broke out of the pack with a 20% increase in single-family home sales!
• Average ($918,329) and median ($751,100) sales prices increased four and five percent, respectively.
• Surprisingly, given the uptick in price reductions during the month, the close-to-list price ratio remained at 100%.
• The average days on market increased to 61 days, while the median days on market were 23.
• Months of inventory on hand is 3.2, still a seller's market.

Have a great week, and,

Let's look at houses or talk about selling yours!
Becky

CLICK HERE FOR THIS WEEKS BEST BUNGALOW BETS