Why Now Is the Perfect Time to Sell in the Houston Real Estate Market?

Selling a house can be a big decision, and timing is everything. 

We think you’ve probably heard the buzz about the Houston real estate market – and why now is the perfect time to sell. 

In this blog post, we’ll take a look at some friendly advice and a few eye-opening stats to make your decision a little easier.

Houston’s Market Is Hotter Than Texas in July

First off, the Houston real estate market is on fire—figuratively, of course. But seriously, Houston is seeing some of the best conditions for sellers in years. According to recent reports, the average home price in Houston has risen by nearly 12% over the past year. 

What’s driving this surge? It’s a combination of factors. 

For starters, Houston’s economy is thriving – thanks to all the job growth across different sectors like energy, healthcare, and tech. And if people flock to the city, it’s when you mix the booming population with limited housing supply, and get soaring prices in Houston real estate market. 

Low Inventory Equals High Demand

Remember those Beanie Babies everyone went crazy for in the ‘90s? Well, the housing market in Houston is kind of like that right now. There’s just not enough supply to go around. 

As of the latest stats, Houston has a housing inventory of just 2.5 months, which means if no new homes were listed, the current supply would be gone in about 75 days. That’s significantly lower than the national average of 3.5 months, making it a seller’s paradise and definitely the time to sell house fast in Houston. 

In simple terms: more buyers are competing for fewer homes. This drives up prices and gives sellers the upper hand in negotiations. 

Mortgage Rates: The Cherry on Top

You might be thinking, “But what about mortgage rates?” Great question! 

Mortgage rates are still relatively low, even though they’ve seen slight increases recently. This means buyers are eager to lock in rates before they go higher, which fuels the demand for homes.

In fact, the latest data suggest that the average 30-year fixed mortgage rate around is 6.5%. Although this is higher than the rock-bottom rates the market saw during the pandemic, it’s still historically low. 

Houston’s Population Boom

Houston’s population is now nearing 7 million in the metro area. This is because the city became a magnet for people looking for job opportunities, affordable living, and that famous Southern hospitality.

This population boom means more potential buyers for your home. According to the U.S. Census Bureau, Houston added over 1 million people between 2010 and 2020, and the trend isn’t slowing down. More people means more demand, and that’s excellent news for home sellers in Houston. 

Buyer Preferences Are Changing

Another reason to consider selling now is the shift in buyer preferences. Since the pandemic, more people are looking for homes with extra space, home offices, and outdoor areas. If your home has any of these features, you’re sitting on a goldmine.

And here’s the kicker—buyers are willing to pay a premium for these features. 

According to recent surveys, 70% of homebuyers consider a home office a must-have, and 80% are looking for outdoor living spaces. So if your home checks these boxes, you could be looking at some serious offers.

Houston’s Market Isn’t Slowing Down

Although it’s impossible to predict the future of the Houston real estate market, the current indicators suggest that the market will remain strong for the foreseeable future. 

Still, it’s important to keep in mind that markets can be predictable and timing the peak perfectly is kind of tricky. 

What you can hold onto is this; selling now allows you to capitalize on the high demand and rising prices, ensuring you get top dollar for your property.

Final Thoughts: Why Wait?

If you’ve been on the fence about selling, now is the time to jump in. The Houston real estate market offers a unique opportunity for sellers to maximize their profits, take advantage of high demand, and make their next move with confidence.

With low inventory, a booming population, and eager buyers, you’ve got the perfect storm for a successful sale. After all, they say everything’s bigger in Texas—and that includes the opportunity to sell your home for top dollar right now.

We suggest that you partner now with a great Texas real estate company to sell your house fast!