With COVID-19 taking the Houston real estate market into uncharted territory, things look to be on the rise for sellers!
Why sellers? There are less houses on the market, but there are still tons of buyers out there. Based on the numbers, there are less listings, but the number of showings, more pending transactions and people looking at houses on HAR.com has gone up substantially.
So Let’s take a look at the numbers. First, the number of new listings.
As you can see, the number of new listings is down this week compared to last week and down 14.9% from this time last year. But we are on a steady trend up.
Now, compare this to the number of houses that are pending in Houston.
As you can see, not only are pending transactions on the rise this year (down a little this week), but we are actually ahead of where we were at this time last year!
This means there is not much inventory on the market (houses to purchase), but there are buyers who are interested in purchasing.
This is further re-enforced by the number of showings that happened this week.
As you can see, showings continue to rise. This is a great thing to see! We are continuing to improve from last week and we are ahead of 2019’s numbers.
But the chart that really blows my mind…
This chart… this is the number of people on HAR looking at houses, this is crazy!
As you can see, the pandemic really did a number on people wanting to buy a new house. Not only are there more people in Houston looking at houses, but the number is WAY higher than 2019.
And it continues to stay strong.
So what are you thinking? It is time to sell your home?
Is it time to buy?
Give me a call, let’s talk about your next step!