The spring real estate market has officially arrived in Houston, TX. Historically, more homes sell in the spring and summer than at other time of the year. That means that right now might be the perfect time for you to sell your Houston home.
Have you been wanting to sell? Do you want to relocate, or sell your starter home to move into the home of your dreams, or downsize as empty nesters or a new retiree? No matter what your reason is for wanting to sell, as your Houston real estate agent, I am here to tell you that now is an excellent time to do it!
Here are some reasons why:
1. Home sales are skyrocketing. The latest home sales report showed that home sales are up a whopping 10.4 percent since this time last year. That means that Houston homebuyers are out and eager to buy right now, because of the season, and because of low mortgage rates. If you want a fast, easy sale, now is the time to sell your Houston house. With increased home sales come increased home prices and values, too! In fact, the latest Case-Shiller Index found that home prices are rising much faster than expected.
2. Inventory is low. While home sales are up and buyers are eager, the inventory of homes for sale is still below average. This means that there are more buyers than there are sellers in the Houston real estate market. When this happens, it’s a golden opportunity for Houston home sellers. It is very possible that you’ll attract multiple interested buyers, which could lead to bidding wars and an offer above your listing price.
3. Mortgage rates are historically low. While real estate experts had originally predicted that mortgage rates would have risen by now, they’ve actually been dropping the past few weeks. That means that if you want to move up to the Houston home of your dreams, now is the time to do it! Sell your home, qualify for a low mortgage rate, and save loads of money by purchasing your dream home now.
As you can see, the local real estate market is in great shape for Houston home sellers right now. Take advantage! Contact us, your Houston real estate agents. I am here to answer questions and to help you through every step of the home-selling process. The sooner the better, so don’t hesitate to call me!