Housing Prices on the rise, Inventory remains low

Housing prices will continue to climb in Texas

The chart above come from this article and clearly indicates that the members from the National Association of Realtors expect prices to continue to grow in Texas.

In matter of how many houses are available for purchase, we are still seeing a shortage as indicated by the chart below(Source: NTREIS Trends). The numbers under each bar graph is how many months it would take us to sell all the houses currently on the market. Three months or less is considered a strong seller’s market. If you are even remotely thinking about selling your house right now, please don’t hesitate to call me. I would hate for you to lose out on this incredible seller’s market.

InventoryJuly2014