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Is now the right time to sell your home?

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A man and woman pulling a for sale sign with a sold rider on it with a child running in the background

12/04/2015 | Author: Jaime Lee

Texas homes are in demand statewide this year, and even though the number of homes on the market is rising, it’s still relative low at only 4.0 months’ worth of housing inventory.

What this means for sellers
It’s estimated that a market with a monthly housing inventory between 6.0 and 6.5 months is balanced between supply and demand. An inventory of less than 6.0 months indicates a seller’s market because there are more buyers than there are homes for sale.

There may be increased competition among homebuyers in markets with fewer homes for sale, which means sellers could see multiple offers or offers above their asking price.  

Work with a local expert
Every market is different, so if selling is on your mind, contact a Texas REALTOR®. He or she can offer insight into your area’s activity, like how quickly properties are selling, and help you determine the best asking price.

Categories: Sellers, Homeowners
Tags: homesellers, sellers, texas annual housing report, texas quarterly housing report

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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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