Contact

Houston Real Estate Market Returns to Normal

  • Dec 10, 2022
  • Real Estate
Houston Real Estate Market

It's been two years since Houston's housing market went into a frenzy. Since then, the market has slowly been returning to normal. The Houston Association of Realtors released a report in October that shows that home inventory is increasing, while home sales under $500,000 have been dropping for the past six months. This could be a sign that Houston's real estate market is finally returning to its pre-pandemic state.

Jennifer Wauhob, the Houston Association of Realtors Chair and Better Homes and Gardens Real Estate Gary Greene said “The Houston housing market consists of many concurrent trends.” She believes that Houston’s real estate market is slowly recovering from the effects of COVID-19, but more work needs to be done in order to return it to normal.

For potential buyers looking for a house in Houston, now may be a good time to start shopping around. There is currently an increase in home inventory, so buyers have more options available than before. Additionally, listings are not selling as quickly as they were pre-pandemic, allowing buyers more time to consider their options without feeling rushed or pressured.

Overall, Houston’s real estate market is slowly returning to normal. Although the market is not back where it was before the pandemic, home inventory and sales have been steadily increasing over time. For potential Houston buyers, now may be a great time to get into the housing market. With more options available and an increase in home availability, Houston’s real estate market is on its way back to pre-pandemic levels.

Also Read: Texas Housing Market Predictions 2022 and 2023

Hello! I'm Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!

Resource: Har.com

Hello! I'm Jay Thomas, A REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!

Related Blog

Guide for Smart Buyers
The Foundation of Homeownership: A Thorough Inspection Guide for Smart Buyers
  • Nov 29, 2023
  • Real Estate

Buying a house is one of the most significant investments you'll make in your lifetime. It's not just a financial decision; it's a commitment to a place that will become your home....

read more
Move-In-Ready Homes
The Allure Of Move-In-Ready Homes: Why Buyers Prefer Ready-To-Live Spaces
  • Nov 27, 2023
  • Real Estate

In the realm of real estate, the phrase "move-in ready" carries a weight that resonates with homebuyers seeking convenience, efficiency, and peace of mind. In today's fast-paced world.......

read more
Real Estate Investments
Decoding Real Estate Investments: Navigating the Terrain of Commercial and Residential Properties
  • Nov 14, 2023
  • Real Estate

When it comes to real estate investing, one of the fundamental decisions you'll need to make is whether to focus on commercial or residential properties...

read more
Shielding Your Texas Home
Shielding Your Texas Home: A Comprehensive Guide to Natural Disaster Preparedness
  • Oct 23, 2023
  • Real Estate

Texas is a state of immense natural beauty and diverse landscapes, but it's no stranger to natural disasters. Be it hurricanes, tornadoes, wildfires or floods, the Lone Star State has its share of ...

read more
House Relocation
Navigating The Costs Of House Relocation: Your Budget-Friendly Move With Jay Thomas Real Estate Team
  • Oct 11, 2023
  • Real Estate

Moving to a new house is an exciting phase, but it can also be a costly one. Whether you're upgrading to a bigger home or downsizing to a cozier space, it's essential to budget properly to avoid fi...

read more
B&B Investing
"Top 5 Things to Consider in B&B Investing"
  • Sep 25, 2023
  • Real Estate

Imagine waking up every morning to the aroma of freshly brewed coffee and the delightful chatter of guests enjoying their breakfast in your charming inn. Bed and Breakfast (B&B) investing has an un...

read more