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Houston Real Estate Market Report | July 2023

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Houston Real Estate Market Report | July 2023

Happy July!

As we step into the second half of the year, we are excited to embrace the summer season and all its warmth. July marks a time of vibrant energy, renewed enthusiasm, and new beginnings. Read on for real estate news, home tips and tricks, and more – curated just for you.

What’s Happening?

The Summer market is kicking off with positive activity;

all indicators are trending positively.

More listings are flowing onto the market.

Yay, for more buyer selection.

Sales velocity is on the rebound rise.

Month-over-month, sales show consistent improvement.

Days on market for listings placed Under Contract?

Shrinking. Buyers must move fast.

The average sold price to list price %?

Climbing, not falling. It’s a strong seller’s market

Put your best offer forward to win.

Median and average listing and sold prices?

Drifting UP, not falling.

Open houses?

Buyers are bumping into each other.

Multiple offers?

Making a comeback.

Showing appointments?

Climbing.

Good news for sellers.

Expertly presented and professionally marketed properties will

attract strong offers and sell quickly. Positioning a property for

selling success is everything.

But sellers beware.

Properties that miss the mark on pricing, marketing,

presentation and representation will find themselves gathering

cobwebs, slashing prices, and getting no love from potential buyers.

For buyers, there’s good news and other news.

The good news; new listings are tumbling onto the market every day,

giving you more options. The other news. It’s a strong seller’s market,

with more buyers than sellers, so you’ve got some competition.

When you spot THE one, be ready to act quickly and put your

best offer forward.

If I can be helpful, please call on me.

Thank You and Best Wishes