You may see over the next few months ๐ that the housing market is increasing โฌ๏ธ drastically as compared to year-over-year from last year around this time. Last year data covering March, April, May, and June, we saw a significant decrease in the housing market because that dirty little C-word that was out there. I have a feeling that the news and the headlines in the up and coming months are going to boast of massive increases as compared to last year. You see, the media, they tend to do that a lot, but thatโs not really the case as we have certainly had a great year as far as home appreciation in the housing market due to one of the lowest levels of inventory Iโve ever seen in the past years in conjunction with one of the lowest interest rate levels of all time.ย
But, if you compare last yearโs numbers to this yearโs numbers, it will seem strikingly different. Itโs not so much that the market as it was what was happening last year at this time โฑ as compared to what is happening right now in the market, okay. Essentially, the increase is due to two things that were transpiring last year around this time, which were drastically lower housing numbers during the arrival of the virus as well as subsequent strong rebound. Iโve been selling real estate in the Houston, Cypress and Katy area for 10 plus years, and if I didnโt know any better, Iโd be fooled too. So just be cautious when making any decisions without speaking with someone whoโs got the experience as well as the knowledge to help you make informed decisions about your home buying or selling process. The bottom line is, thereโs probably going to be some crazy headlines about sensational real estate market as compared to last year, but donโt be fooled, the market is finally getting back to normal. Feel free to reach out to my team and I if you would like a hassle-free virtual assessment of your property. Weโd be glad to help. No problem to hop on a Zoom call with us to go over the information. I am Natasha Carroll here with Natasha Carroll Realty and weโre always here for you. Have an awesome home buying and selling day.
