YOUR MONTHLY MARKET UPDATE
Houston Real Estate Highlights in June -Single-family home sales increased 12.5% year-over-year; -Days on Market (DOM) for single-family homes went from 47 to 49 days; -The single-family average price increased 4.4% to $450,235; -Single-family home months of inventory expanded to a 5.4-months supply
No, not the John Conner kind. Worse!
Your listing! Listings are expiring like milk left out on fourth of July and will be terminating at the end of this month like judgement day. Why? The Market? The Interest Rates? No, it’s the advisor… in most cases, no matter the market, if a listing is sitting and not selling it has to do with the
The Endowment Effect
There is a natural bias that takes place for all of us called the Endowment Effect. “The endowment effect describes the phenomenon where you overvalue things you own, simply because those things are yours” The primary reason for a listing to sit and not sell is the pricing.We have a surplus of inve
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