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Cypress, TX- A Sellers Market? I think so!

By
Real Estate Agent with DRM Residential Properties, Inc.
77429 Zip Code
Current Active Listings 460
Price Range 63K-1.6Million
All Pending 132
Price Range 79K-2.25Mil
Closings Since 1/23/09 50
Average Sales Price 193K
Average SQFT 2687
Average Days on Market 73
List Price/Sales Price % 95%

 

If you take the Active Listings and divide them by the Pending homes plus the sold homes for the last month you get 2.53 months of inventory.  Plus sellers can expect to receive 95% of asking price (when priced correctly), and sell in approximately 73 days.  The nations inventory average is about 10 months.  We have an incredible absorption rate in Cypress, TX.  We are growing pretty quickly!  If you are thinking about selling a home, please contact me today at 713-906-7338! 

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