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Houston Real Estate Market Report | June 2023

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Houston Real Estate Market Report | June 2023

HELLO June!

Summer has arrived, and with it comes the beautiful month of June!

As the days get longer and the weather gets warmer,

we hope this newsletter finds you well and ready to enjoy all the season has to offer.

Here’s what’s happening in the HOUSTON Real Estate Market

The Summer market is kicking off with a bustle; all indicators are trending positively.

More listings are flowing onto the market. Yay, for more buyer selection.

Sales velocity remains steady..

Days on market for active listings? Shrinking. Buyers must move fast.

Days on market for sold properties? Also shrinking. Buyers must move fast.

The average sold price to list price %? Climbing, not falling. It’s a strong seller’s market.

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.

For sellers, good news. Properties, expertly presented, and professionally marketed,

will attract strong offers and sell quickly. Positioning a property for

selling success is everything.

But beware: Properties that miss the mark on pricing, marketing, presentation,

and representation will find themselves exasperated, slashing prices, and getting

no love from potential buyers.

For buyers, there’s good news and other news. The good news is that; new

listings are tumbling onto the market daily, 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 get in touch with me.

Thank You and Best Wishes