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Pending home contracts SOAR this month!

By
Real Estate Agent with RE/MAX Conroe - Lake Conroe

If you have been in the market for a home in the last few months waiting for the bottom...you are here.  Unfortunately for the average home buyer, they are paying too much attention to the media and the stock market and have put off buying a home until things turn around...and home prices rise. Home sales have declined slightly this month from September by 18%. HOWEVER, home pending status has jumped from 121 pending contracts in September to a whopping 553 pending contracts in October!  Buyers are taking advantage of the good deals out there right now while we are in this financial crisis. This is great news for future home sellers in Montgomery County areas like Conroe, Montgomery, The Woodlands and Willis that are thinking of selling in the Spring. Interest rates are low, buyers are buying and by early next year, we should see a turnaround in the market, a lower saturation of foreclosures and short sales, and HIGHER home prices.