As the weather cools in Houston, so does the real estate market. From the agents’ perspective, we are seeing price drops all over Houston, and homes sitting on the market longer again. There is no cause for alarm, though, because if a home is priced right and staged properly, it will sell. The real estate professionals will continue to shine, although we all may have to work just a little bit harder.
The rental market is slower than I have seen it in over 10 years. Rental properties are taking 3-4 times longer to lease than they have in recent years. It may take a while for rental inventories to fall back to normal levels with all the new apartments competing as well. Hold off on purchasing rental properties for a while!
All the agents at Energy Realty are trained professionals that can guide you through the tough markets as well as the fast paced ones.