Defining the Kingwood, Atascocita, Humble TX Real Estate Market | Anatomy of a Market Shift
How would your home do in this real estate market? Contact Jeremy Williams of Keller Williams Realty Northeast for a free consultation to evaluate your real estate needs. Jeremy Williams of Keller Williams Realty provides residential real estate services to the northeast Houston area including Kingwood, Humble, and Atascocita (Summerwood, Fall Creek, Eagle Springs, Walden on Lake Houston) TX.
What is a market shift? It is when a inbalence in supply and demand exists. When there are more homes on the market than buyer demand, this is seen as a buyer's market. When the buyer demand exceeds the number of real estate listings on the market, it is a seller's market. This easy way to think about a shift to a buyer's market is when fewer listings are selling, and when more listings are selling a seller's market.
Here are some standards to represent whether or not the Kingwood, Humble, Atascocita market is a buyer's or seller's market.
Buyer's Market - More than 7 Months of Inventory
Transitional or Balanced Market - From 5 - 7 Months of Inventory
Seller's Market - Less than 5 Months of Inventory
Remember that national shifts happen over a period of time while local markets can shift overnight. Things that can cause these shifts include exchange rates, political climates, global factors, interest rates, tighter regulations, inflation, population, jobs, household income, neighborhood dynamics, housing prices, and even our own thoughts and perceptions. Here are some local statistics to give you a better idea of the housing market in the Kingwood, Humble, Atascocita TX areas. While only months ago the $400,000 homes and above were doing quite well, our nation fell into a credit crisis and investment portfolios shrunk significantly. Also the market under $150,000 did great a couple of years ago with several financing opportunities that no longer exist because of lack of accountability on multiple fronts. These statistics are generalized.
Kingwood - Based on Geographic Location - 5.3 Months of Inventory
Atascocita - Based on Geographic Location - 6.6 Months of Inventory
Humble - Based on Geographic Location - 6.4 Months of Inventory
Fall Creek - Based on Subdivision Search - 5.4 Months of Inventory
Summerwood - Based on Subdivision Search - 6.4 Months of Inventory
Eagle Springs - Based on Subdivision Search - 8.8 Months of Inventory
Kings Point - Based on Subdivision Search - 6.9 Months of Inventory
Greentree - Based on Subdivision Search - 3.1 Months of Inventory
Kingwood Glen - Based on Subdivision Searh - 4.4 Months of Inventory
For a more detailed analysis of your neighborhood contact Jeremy Williams at 281-387-7689. Whether buying or selling a home realize that people always are moving for reasons that can greatly vary. The best thing to do before entering a market is choosing a Realtor that understands the market as a home is most likely the biggest asset you will ever own. Call Jeremy Williams today to find out more information about his residential real estate services or visit his website www.williams4yourhome.com. Also get more insight at his real estate blog NE Houston Real Estate | Williams4YourHome.
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