Market Analysis: Spring, Texas: 5 Key Metrics You Need to Know

Thinking about buying a home? The real estate market is constantly shifting, and understanding key metrics can help you make smarter decisions. Here’s a fun, easy-to-digest breakdown of what’s happening in the market—and what it means for you as a buyer!

1. Inventory is Low—So Be Ready to Compete!

🏡 Months Supply of Inventory: 3.28 months
The lower the inventory, the more competitive the market. With only 3.28 months of supply, we’re still in a seller’s market, meaning demand is higher than supply. Fewer homes = more competition = potential bidding wars.

🚀 Buyer Tip: Be prepared to move fast when you find a home you love! Having your financing ready and making strong offers can give you an edge.

2. More Homes Are Hitting the Market!

📈 12-Month Change in Inventory: +59.22%
Good news—inventory is increasing! This means buyers could have more options and slightly less competition than before. While we’re not in a full-blown buyer’s market yet, things are trending in your favor.

🎯 Buyer Tip: This shift gives you more negotiating power. Don’t be afraid to ask for seller concessions or price adjustments, especially if a home has been sitting for a while.

3. Homes Are Selling FAST!

⏳ Median Days on Market: 36 days
Houses are flying off the shelves! The median time a home stays on the market is just over a month, so if you’re browsing, be ready to make a decision quickly.

⚡ Buyer Tip: If you’re serious about a home, don’t wait too long to make an offer. Hesitation could mean missing out!

4. Homes Are Selling Close to Asking Price

💰 Sold to List Price Ratio: 98.1%
Sellers are getting very close to their asking price, which means lowball offers probably won’t cut it. The market is competitive enough that most homes are selling near their list price.

🤝 Buyer Tip: Be strategic with your offer. While there’s some room for negotiation, expect to stay close to the asking price—especially for well-priced homes in desirable areas.

5. What’s the Average Home Price?

🏠 Median Sold Price: $315,000
This gives you a solid benchmark for what homes are selling for in today’s market. While prices vary by location, this number helps you set realistic expectations for what you might pay.

💡 Buyer Tip: Work with a real estate professional (like us! 😉) to analyze local trends and find the best value for your budget.

Final Thoughts: How to Win in Today’s Market

✅ Be prepared. Get pre-approved and know your budget before you start house hunting.
✅ Act fast. Homes are selling quickly, so don’t drag your feet on a home you love.
✅ Make a strong offer. Lowballing won’t work in most cases—aim for a competitive yet reasonable price.
✅ Work with an expert. Having a knowledgeable agent on your side can make all the difference in this fast-paced market!

The real estate landscape is always changing, but with the right strategy, you can still find and secure your dream home. Ready to start your home search? Let’s chat! 🏡📞

Source of Statistics: www.narrpr.com

Available Homes for Sale in Spring