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Spring Texas Real Estate Market Reports Category

Spring Texas Real Estate Market Report – June 2012

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What’s going on in the Spring Texas Real Estate Market?  Our housing market is on a roll recording yet another monthly gain. Sales are up. Listing inventory is down. Average and median home prices are being pushed upward. Active listings remain below 1,000. June's Days on Market dips to 70. We have a perfect storm for sellers with sales up, inventory down, and prices up. If you were thinking about selling your Spring Texas home, now is a GOOD time. Listing inventory is down - If you...Continue Reading!

Spring Texas Real Estate Market Report – March 2012

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What’s going on in the Spring Texas Real Estate Market?  Single family home sales are on a roll recording yet another monthly increase. Average and median home prices are pushing upward. Active listings remain below 1,000. Increase in sales and a  decrease in active listings push months of inventory lower. Days on Market dips to 73. Months of Inventory – Months of inventory 29% lower month over year. The decrease in active listings coupled with an increase in home sales as pushed the months of  inventory down to...Continue Reading!

Spring Texas Real Estate: Market Report February 2012

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What's going on in the Spring Texas Real Estate Market?  Single family home sales increased through the roof. Average and median home prices remain stable. Active listings drop below 1,000. Increase in sales and a decrease in active listings push months of inventory lower. Months of Inventory - A decrease in active listings coupled with an increase in home sales as pushed the months of inventory down to 5.3 months. It has been over two years since the Spring Texas real estate market has seen months of inventory below...Continue Reading!

Spring Texas Real Estate: Market Report January 2012

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What’s going on with the Spring Texas Real Estate Market? The buyers were out in force in January generating a 12% increase in home Sales and a 11% increase in Pending Sales. Both the average sales price and the median sales price experienced increases. Spurred by an increase in a sales and a decrease in listings, the months of inventory dropped below 6 months. Months of Inventory  - six months of inventory is typically considered a balanced market and for the last two years the Spring...Continue Reading!

Spring Texas Real Estate Market 2011 and 2012 predictions

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The final numbers are in and its time to reflect on the Spring Texas real estate market of 2011 and make some predictions for 2012. Highlights of the Spring Texas real estate market of 2011: Lending requirements remain tight - Money is still available for home loans. But unlike 2005 and 2006 when all you needed was to be alive and a credit score (not even a good one) to get a loan, lenders are requiring buyers to provide an exhausting amount of supporting...Continue Reading!

Spring Texas Real Estate: Market Report November 2011

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What’s going on with the Spring Texas Real Estate Market? Pending Sales record a whopping 57% increase and home sales record a smaller but significant 16% increase over same month last year.  Active listings are down, homes prices are holding steady, and months of inventory is returning to a balanced market. Good time to be a home buyer?  Absolutely!  Good time to be a Spring Texas home seller? Getting better. Months of Inventory for the same month last year the months  of inventory has decreased...Continue Reading!

Spring Texas Real Estate: Market Report October 2011

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What’s going on with the Spring Texas Real Estate Market? Sales and Pending Sales are up not only for the month but YTD. Listing inventory is down. Home prices are holding steady. Months of Inventory is finally decreasing. 30-year interest rates on home loans are still at historical lows. Good time to be a home buyer?  YES.  Good time to be a Spring Texas home seller? Improving. Months of Inventory for the same month last year the months of inventory has decreased by 14%.  Sales for the...Continue Reading!

Spring Texas Real Estate: Market Report June 2011

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What’s going on with the Spring Texas Real Estate Market?  As anticipated last year's home buyers tax credits continue to skew the year over year and the YTD comparisons.  In order to qualify for the home buyers tax credits, buyers had to be in contract by April 30th, 2010 and close by June 30, 2010.  After the home buyers tax credits expired on April 30th, 2010, Spring Texas home sales fell like a rock because demand had been pushed forward. Pending Sales for June 2011 are...Continue Reading!

Spring Texas Real Estate: Market Report March 2011

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What’s going on with the Spring Texas Real Estate Market?  Surprisingly, Sales are up 14% over last March and Sales YTD are up 2%. Due to the flurry of activity created by last year's home buyer tax credits, a decrease in home sales is what was expected which is why an increase is so surprising.   A 10% increase in the number of homes on the Spring Texas real estate market is putting pressure on home prices.  As both the average sales price and the...Continue Reading!

Spring Texas Real Estate: Market Report February 2011

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What’s going on with the Spring Texas Real Estate Market?  It can be summed up by saying "What one month giveth, the next month taketh away".  February home sales were down by 16% over the previous year. The decrease in home sales was enough to wipe out January's increase resulting in a YTD decrease in home sales of 7%.       Comparing month over month or YTD sales for the Spring Texas real estate market are going to be misleading for the entire year of 2011.  Due to the...Continue Reading!