Housing inventory at a new low

Houston's housing inventory level is at a new low!!! I read an article that we are at 2.6 month inventory level. Last year about this time Houston had a 4 month inventory level!

It is a sellers market........there are buyers wanting to purchase especially since the interest rate is still low. However, for the seller, it doesn't mean you can over price your home and receive top dollar.

First, the buyers are very savy. They have access to several websites featuring homes for sale and they do know what the market has to offer.

Secondly, the home needs to appraise. If an offer goes through for $30K over appraisal price, if the buyer really wants that home they need to come up with $30K. Many families do not have $30K in the bank just setting.

My last listing had an offer in 3 hours!!! The homeowners put alot of time and effort getting their home ready to sell. We were very surprised it took only hours. So if you want to list your home, contact me!!!