The real estate market in Houston turned crazy back in March 2021. Home values have risen drastically for a variety of reasons.
Since school started back in September, I have seen a slow down in the area of homes going from active to pending. We are seeing more and more listings with "Open House" and price reductions.
There are plenty of homes in the area that are sitting and/or have price reductions that months before would have flown off the market and had multiple offers.
(Houston, Katy, Cypress, Tomball, The Woodlands, Sugar Land, Pearland, Kingwood, Humble, Magnolia, Pinehurst)
Active number of homes with price reductions: 640
It seems like now is the time to go back to potential home buyers that got pushed out of the market by investors and tell them that there are homes out there that they can purchase without fighting with other buyers.
Since school started back in September, I have seen a slow down in the area of homes going from active to pending. We are seeing more and more listings with "Open House" and price reductions.
There are plenty of homes in the area that are sitting and/or have price reductions that months before would have flown off the market and had multiple offers.
(Houston, Katy, Cypress, Tomball, The Woodlands, Sugar Land, Pearland, Kingwood, Humble, Magnolia, Pinehurst)
Active number of homes with price reductions: 640
It seems like now is the time to go back to potential home buyers that got pushed out of the market by investors and tell them that there are homes out there that they can purchase without fighting with other buyers.