Houston Market Update As of January 9, 2023

Happy Wednesday everyone!

It’s a new week and there’s been some good news in the real estate market in the Greater Houston area. We’ve seen a few more listings come on the market in the past week, which is always a positive sign. However, we’re still sitting at 2.7 months of inventory, which indicates that the market is still relatively tight.

One particularly interesting development is that we only saw 1,485 price reductions last week. This is a significant decrease from the end of last year, when we were seeing 3,000+ reductions a week. This suggests that the market may be starting to stabilize and that home sellers are becoming more confident in their pricing.

If you’re considering buying or selling a home in the Greater Houston area this year, we’d love to chat with you about a game plan and how our team can help. Whether you’re a first-time home buyer or an experienced investor, we have the knowledge and resources to guide you through the process and ensure that you get the best possible outcome.

Let’s make it happen together. Reach out to us today and let’s talk about your real estate goals!

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