Is now the right time to sell your home?

Texas homes are in demand statewide this year, and even though the number of homes on the market is rising, it's still relative low at only 4.0 months' worth of housing inventory. What this means for sellers It's estimated that a market with a monthly housing inventory between 6.0 and 6.5 months is balanced between supply and demand. An inventory of less than 6.0 months indicates a seller's market because there are more buyers than there are homes for sale. There may be increased competition among homebuyers in markets with fewer homes for sale, which means sellers could see multiple offers or offers above their asking price. Work with a local expert Every market is different, so if selling is on your mind, contact a Texas REALTOR®. He or she can offer insight into your area's activity, like how quickly properties are selling, and help you determine the best asking price.