Software Features

BROKERAGE SERVICES

Software Features

Property Data

Research properties and their owners, compile lists, and more.

MLS Comps

A multiple-listing service comparable tool.

Listings

List your properties with Propelio Realty for incredible savings.

Short Sales

If you have an underwater property, our experts can help.

For Education

Blog

Interesting and valuable articles from Propelio and the industry.

Academy

Real Estate education platform led by a team of professionals.

Propelio TV

A channel that gives daily updated archive of our live video.

Discover Propelio

About Us

Get to know Propelio better – explore our story and mission.

Map Coverage and Brokers

Shows MLS coverage and broker transactions in your state.

Referral Program

Share Propelio with friends and family to earn exciting rewards

Template is not defined.
Houston MLS Comps and the Houston Real Estate Market

Houston MLS Comps and the Houston Real Estate Market

The Houston market is strong and stable, but the time crunch buyers currently face makes Houston MLS Comps vital to the home-buying process.

The Market in a Glance

In 2014 the Houston market was a record breaker, but times are changing. Gone are the days of fast deals and inflated profits, but there is still a lot of good news for those looking to purchase in the Houston area. The pace of growth has slowed, but inventory still rose .4% which is enough to keep the market in good health, without stretching it past the bounds of stability. This new, more stable market has the Houston Association of Realtors predicting a positive future for the Houston housing market making it an attractive region in which to buy a home.

Where do Home Buyers Stand?

The slump in oil prices took a toll on the Houston housing market for some, but that same slump in one area has led to a rise in the heat in other sectors, bringing about a more balanced market, prime for the average home-buyer. Sales of luxury homes over $500k have dropped dramatically as a result of the downturn in the energy industry, but on the other hand, homes priced below $500k have continued to come onto the market at an average price range of $150-300,000. According to the Houston Business Journal, the local real estate market is expected to remain strong through the prime-buying season with low-interest rates and adequate inventory. However, it should be noted that information from Houston MLS Comps in the $150-300,000 range have spent an average of only 70 days on the market, making it imperative that buyers move quickly on deals.

Why Comps are Key

A strong market offers great investment potential for motivated buyers, but hasty and uninformed decisions can spell doom in a market which is slowing. For these reasons, it is vital for buyers to educate themselves using  MLS Comps for homes they are interested in. Being able to access Houston MLS Comps strengthens a buyer’s understanding of the value of their investment as well as how it compares to the value of comparable properties. Using MLS Comps data to make a home-buying decision is akin to using a GPS to navigate the market versus a paper map, the more quickly you can access relevant data, the more quickly you can move in on a deal before another buyer and the less likely it is that you will miss an exit of opportunity.

To Get MLS Comps in Houston and Beyond Start a 7-Day FREE Trial of Propelio

Leave a Reply

Your email address will not be published. Required fields are marked *

Submit a comment

Your email address will not be published. Required fields are marked *

Related

A Comparative Market Analysis (CMA) is an essential tool in real estate that...

When you buy and investment property to flip in a rural, tertiary market,...

If you are asking “What are doing that’s working,” you are asking the...

Finding the best lead list, curating it to find the motivated sellers, marketing...

There are three times as many people on Facebook as on Instagram. Facebook...

Read more..

A Comparative Market Analysis (CMA) is an essential tool in real estate that...

When you buy and investment property to flip in a rural, tertiary market,...

If you are asking “What are doing that’s working,” you are asking the...

Finding the best lead list, curating it to find the motivated sellers, marketing...

There are three times as many people on Facebook as on Instagram. Facebook...

Elevate your strategies with expert advice now!

Seize the moment to stay informed. Subscribe now for the latest updates!