Texas Monthly Market Update January 2023
Happy New Year! As you all may know, the Spring market really starts in January in Texas. As we wade our way through Cedar Season, we'll start to see more open houses, for sale signs, and a little more competition when trying to submit offers for home purchases From the seller's perspective, the most opportune time to sell will be between late February and late May. This is your chance for a quick sale, the opportunity to drive up pricing with multiple offers, and you'll have more inventory to choose from if you're moving to another home. I like to reference Brian Buffini's Bold Predictions whenever I can, and based on his latest update, we can expect a slump in volume, but he also expects prices to rise about 7% year-over-year and believes that interest rates have peaked!
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Our monthly market update showcases everything you need to know about local real estate trends over the last month. Take a look!