Advantages for Buyers in Our Current Unusual Houston Real Estate Market

Leverage today’s market by acting differently from other buyers.

I’ve been in the Houston real estate industry for a long time, and I’ve seen many market shifts over the years. If there’s one thing I’ve learned about the market, it’s that after a major peak, there’s a valley. Likewise, after a deep valley, a peak follows. The trigger for these unusual markets can vary. However, for the past year and a half, interest rates have doubled, creating a very unusual market. This major valley in the real estate market caused a slowdown in buyer activity.

With many buyers taking their time waiting for the right moment to get back into the market, the current market condition creates a unique opportunity for those who are willing to act differently. We encourage buyers to consider their life goals. People move depending on major events in their lives, like a new job, a growing family, or a divorce—these are the major reasons that drive real estate decisions, not market conditions.

“The current market condition creates a unique opportunity for those who are willing to act differently.”

The best thing that you can do now is not get caught up in trying to time the market and focus on your life goals. If you need to move, don’t wait. The market is experiencing low inventory right now, and once people decide to get off the fence and buy houses, all of a sudden, the inventory will be depleted, and you’ll be competing with a surge of buyers for a limited number of houses. This competition will result in bidding wars, potentially pushing home prices higher than market value.

Today’s unusual Houston real estate market is offering a great opportunity for buyers who are considering acting differently than what the majority of buyers are doing. I hope this helped you understand the current market. If you have questions or are considering buying, reach out to me by phone or email. I’d love to hear from you.