An inside look at the residential real estate market in Southeast Texas including: the hottest neighborhoods, proven home selling strategies, home buying and negotiating tactics, median prices by neighborhood, average days homes are on the market, and professional advice on how to get the best deal when buying or selling a home.

Southeast Texas Homes For Sale: Wexford Park
Choosing a Top Realtor in Beaumont, Texas. Diane McNelis

Beaumont, Texas Home Prices Up 11.1% in 1st Q 2018

Home Sales in the 1st Quarter of 2018 

  • 225 Homes were sold.  4.3% less than the 1st Q of 2017
  • Median price was $149,950.  That's an 11.1% increase from the 1st Q of 2017.
  • Inventory is very low at only 2.2 months supply.   Balanced markets have about 6 months supply.

Beaumont Housing Report March

Takeaways for buyers: 

There is a lot of competition for the limited number of homes on the market.  You will want to know as soon as a new home hits the MLS.  Your Realtor can set up a listing notifier for you.  Be prepared to see a home in the first day or two its on the market if you want to have a chance at getting the home.  Be prepared to come in at your best offer and in some cases be ready for to compete in a multiple offer situation.

Takeaways for sellers:  

If you are considering selling your home this is a great time.  There are more buyers in the market for "move in ready" homes than there are homes available.  Its a sellers market.  What to find out what the value of your home is in this market, call me.  A professional market analysis is a service I provide.  No cost or obligation to list.   If you have real estate questions, I'm happy to help. 

Sincerely,

Diane

 

 

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