The Houston area has been ranked among the top cities for technology, small business growth, and employment opportunities. The area has also been cited as one of the most affordable areas to buy a home. This, along with other factors influencing real estate, has made Houston and surrounding areas one of the hottest real estate markets. As a result, the inventory of available homes is low compared to the number of people looking to call our area home. In January, the inventory of homes for sale was just over 3.5 months, the lowest since 1999.
If you’ve thought about selling now is a good time. Buyers are plentiful and home prices are rising. With quickly moving inventory, it is not uncommon for sellers to see multiple offers on a property. Lower interest rates on mortgages and increased buyer confidence has lead to higher buyer demand. But, if you want to take advantage of this market you’ll have to make sure you’re prepared to sell. As always, buyers dictate what homes will sell for in any given market.
So, while it is a great market for sellers right now, you must not be overzealous with pricing. The three P’s tend to hold true in just about any market. The right mix of Pricing, Presentation and Promotion will help your property stack up against the competition in this market. Choosing the right Realtor is the best way to make sure your property gets in front of the right buyers. If you want to know if now is the right time to sell your home, give me a call. I specialize in the League City, Friendswood, Pearland, Seabrook, Clear Lake or Houston areas. Together, we can create a plan to get your home sold in the quickest time for the best price.