Hello Spring! Welcome back home buyers.
Yes, we still have more than a balanced supply of inventory (homes for sale). Yes, homes are taking four and a half months on average to sell. No, 166 sales doesn't shatter any prior sales records.
"Take note of this,"
Home sellers are still getting close to 95% of their asking price on average.
If you make an offer on a home that's in great shape don't expect to get the seller to come down 15%. It's not happening. Foreclosures and homes that need updating maybe, but not on one that's move in ready. Its still not a seller's market but for those homes that are in great shape the sellers still have a lot of control. Multiple offers on the best homes are not a thing of the past.
If you want more information about Beaumont home sale or Southeast Texas home sales, contact me. You can call or fill out a contact form here on the blog. Look in the column and click contact icon. You'll get a better deal and save money if you work with a professional REALTOR who knows the local market.