Here we are. September. The last month of the 3rd Quarter. …
Can you believe it? I can’t… Not even a little. But time keeps going and so do we..
So what is happening in real estate this month? Well, let’s take a look at the numbers and find out.
New Listings
Listings took a dive in August as we all started back to school and as we compare the numbers to 2019 we can see that this happens every year. After all, who would want to be getting ready for school and trying to move at the same time?
But we can also see that the numbers spike back up right after school started. This tends to increase through the rest of the year.
But housing inventory (# of houses actually for sale) remains constrained with fewer new listings entering the marketplace versus 2019. For the week ending September 7, new listings are down 6.8 percent year-over year.
Pending Transactions
Pending listings (houses that are under contract) dipped below last year’s level for the week ending September 7 as a total of 2,056 property listings went under contract.
That is a decline of 8.5 percent versus the same week in 2019 when 2,246 listings went under contract.
Number of Showings
As you can see from the graph, even with less houses on the market, people still want to see them!
Property showings in 2020 are still outpacing 2019 levels. For the week ending September 7, showings remained 21.3 percent ahead of last year with a total of 42,268 appointments.
HAR Website Traffic – Listing Views
This is the number of people actually looking at houses on HAR.com. This is an important number because it shows us how many people actually want to buy a house compared to the number of people who are actually going to a showing with a Realtor.
This helps us know how much demand we can expect to see for houses that are for sale in the future.
Overall Thoughts
Overall, houses in Houston are still in high demand and because of this houses on average they are selling for 7% higher than average.
Right now is absolutely the best time to sell your home. Not only will it well quickly because of the demand, but you will also be able to get the best price for it as well!
On the other hand, if you are thinking about buying a home, you will want to do everything you can to stand out from the crowd as a buyer. A few simple things you can do would be:
- Have a pre-approval (not just pre-qualified) – Our Recommended Lenders can help you!
- Be the first person to get an offer in on the home
- Make it personal – Write a letter to the seller as a part of your offer
Ready to take the next step in finding your next house? Give us a call (or text us)! (832) 447-1231
Additional Resources
Ready to make a move? Check out these additional Resources:
- Our ZeroPlus program could save you THOUSANDS on your next home purchase or refinance! Check out more by clicking here or you can apply here.
- Thinking about upgrading your home? Call us and find out about our MovingUp Program and save on Realtor Listing Fees! (832) 447-1231
- Find insider information on the houses and neighborhoods you are looking at with our New KW app. It pulls information on each listing from actual neighbors through the NextDoor App.