What Every Cypress Homeowner Considering Selling Should Know About the Market Right Now

If you’re thinking about selling your home, understanding a few key market trends can help you price your property correctly, attract buyers, and sell faster. Here’s what’s happening in the market—and what it means for you.

1. It’s Still a Seller’s Market (But Things Are Shifting!)

Right now, there’s only 3.14 months of inventory available, which means there are more buyers than homes for sale. That’s great news for sellers! However, inventory has increased by 48.11% over the last year, meaning competition may start to ease up.

What this means for you:

• You’re still in a strong position, but expect the market to become more balanced.
• If you’re considering selling, listing sooner rather than later could be a smart move.

2. Homes Are Selling Quickly

On average, homes are spending just 37 days on the market, meaning buyers are making decisions fast.

What this means for you:

• If your home is priced right, you can expect offers quickly.
• Make sure your home is staged well and marketed effectively to stand out.

3. Sellers Are Getting Close to Asking Price

Homes are selling for 97.3% of their list price, showing that buyers are willing to pay close to what sellers are asking.

What this means for you:

• Pricing your home competitively is key—buyers are savvy and won’t overpay.
• A well-priced home can still generate strong offers, sometimes even multiple bids.

4. Median Home Prices Are Strong

The median home price is $420,000, giving you a good benchmark when setting your asking price.

What this means for you:

• Look at recent sales in your area to price your home strategically.
• Overpricing could push buyers away, while an attractive price can lead to a faster sale.

Bottom Line: Now Is a Great Time to Sell!

Low inventory, quick sales, and solid home prices all work in your favor. However, with inventory slowly rising, waiting too long could mean more competition. If you're thinking about selling, now is the time to take advantage of these strong market conditions!

Need help navigating the market? Let’s talk about the best strategy for selling your home quickly and for top dollar! 📞🏡

Data Provided By: www.narrpr.com/CypressTexas

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