Spring, TX home prices and housing market

In Spring, Texas, sellers are asking about four hundred eighty-seven thousand dollars for homes typically valued around three hundred eighty thousand dollars. Here is what that gap means if you are thinking about selling this year. Start with the value itself. The typical Spring home is worth about three hundred eighty thousand dollars, and it is up just a tenth of a percent over the past year. Prices here are not falling, but they are not really moving either. Meanwhile, asking prices sit near four hundred eighty-seven thousand dollars, roughly a hundred thousand dollars above that value. Sellers are aiming high, and the market is not following. Buyers also have plenty to choose from, with about one thousand nine hundred homes for sale and more than 500 new listings hitting the market this month. Homes are taking around forty four days to sell. But here is the number that tells you who is winning this standoff. Nearly a quarter of all listings, about 23 percent, have already cut their price. When one in four sellers is retreating, overpricing is not a strategy, it is a delay. So if you sell this year, price at the market, not above it. A realistic price still gets you a sale in about six weeks, while an ambitious one earns you a price cut and a longer wait. Find out what your home is actually worth with a free estimate at Home Value Pros dot com.