Houston Market Update As Of January 23, 2023

Good morning and happy Monday! As we head into the last part of the month, we are pleased to report that inventory is holding strong at 2.7 months. This is great news for buyers, as it means there are plenty of options to choose from.

One of the biggest factors influencing the real estate market right now is interest rates. They have ticked down from December numbers, making it more affordable for buyers to finance their purchases. However, it’s important to note that as interest rates decrease, demand for homes generally increases. This can lead to more offers and competition for buyers.

If you’re thinking about buying or selling in 2023, now is a great time to start planning. Our team can help you navigate the market and make the most of the current opportunities. Whether you’re a first-time homebuyer or a seasoned investor, we have the knowledge and expertise to help you achieve your goals.

Don’t hesitate to contact us to discuss how we can help you make your real estate dreams a reality in 2023. Have a great day and a productive week ahead!

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