Surge in New Listings Eases Buyer Competition | Houston Real Estate

Surge in New Listings Eases Buyer Competition | Houston Real Estate

This summer, we're seeing more home sellers return to the market, driving a surge in new listings—up 13% from last year's low supply. Despite locked-in lower mortgage rates, many sellers are entering the market due to life events like marriage, divorce, and job relocation. This inventory boost has eased buyer competition and slowed price growth. However, new listings remain 23% below pre-pandemic levels, giving sellers a slight edge. With price improvements in some areas, now is a great time for buyers to find deals. Partner with an experienced agent to navigate these market shifts!

#RealEstateUpdate #HousingMarket2024 #ZillowReport #BuyerTips #SellerTips #NewListings #MarketTrends #HomeBuying #HomeSelling #RealEstateNews #PriceImprovement #housingmarkettrends

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Danielle Bilumbu
DBK Real Estate
Houston Texas

Cell: 832-475-1627
Office: 713-964-2639
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This Video is About: Houston Real Estate, Real Estate Podcast, Houston Real Estate Tips, Mortgage Rates, Houston Realtor, Houston Market Update, New Construction in Houston, Houston Home Seller, and Houston Home Buyer.