Keller Williams Realty Northeast Houston strives to bring you the most current Houston housing market information so you can make the best decision on the buying and / or selling of your home.
November Houston Housing Market – Update
November continued with the trend we’ve seen all year. The Houston housing market is desirable and buyers are snapping up homes as they come on the market. Inventory dropped to 2.7 months of supply. This means that if no other homes were listed, the homes on the market right now would be depleted in less than three months. Northeast Houston is seeing even lower levels of inventory. Homes priced $250K and above took credit for the majority of November’s sales. Average home sales prices jumped to 10.3% year over year, reaching just over $271K.
If you are serious about buying, be prepared to make a quick decision once you find the house appropriate for your needs. Be pre-qualified. In a market as hot as what we are experiencing right now, buyers must be prepared to move quickly. If you are selling your home, be prepared for quicker-than-expected offers. Have your moving plan in place. Our realtors can help you with the moving process, recommending moving companies with an all-star record and insuring the closing process on your home go as smooth as possible. The average Days on Market was right at 54 days, up slightly from the record low of 45 days set in July 2014.
Keller Williams Realty Northeast has relationships with reputable, professional mortgage companies who are ready and waiting to help buyers get pre-qualified for a loan. Don’t have a Realtor yet? We have over 160 agents in our office who are experts in Northeast Houston’s real estate market.
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