East Texas Real Estate Market Update (June 2023)

Tips for BuyersTips for Sellers
Written By Kristin Koonce Burroughs, REALTOR®

I’m writing this on a Sunday. It’s HOT in East Texas! The heat index is triple digits which means I’ll be inside for the rest of today. My husband and I got gutters on Friday and we are PUMPED! Nothing says “we’re adults” like eagerly anticipating the next rainfall so we can see the difference it makes in our yard. I feel like I’ll expand on this later on because what we’ve had going on at our house is something that shows up on many home inspections and I think folks will benefit from what I’ve learned during the process.

We received the sales report for the month of June! As always, I think it’s important for you to be aware of what’s actually going on in the real estate market. I want to be your trusted resource! Rather than getting your information from your friends, family members, or even the news…my hope is that you feel confident in turning to me for professional real estate advice in the ETX market!

Here’s the East Texas real estate market update for the month of June:

  1. The average sales price INCREASED to $305k (previously it was $285k and before that $265k)

  2. There is 2.6 months of inventory

  3. The average days on the market is 69 days

  4. There were 69 closed sales

  5. More than 50% of buyers are purchasing houses between $200k-$299k

The fact that the sales price CONTINUES TO INCREASE is proof we remain in a seller’s market that is only continuing to get stronger. In my most recent post, I talk about what you can expect from the real estate market in the upcoming months and years. They anticipate interest rates will drop which means prices will continue to go up! I’m continuing trying to get more listings because we have such a high demand for them and this need will only continue to heighten! It’s all about supply and demand.

If you’ve been tossing around the idea of selling your home, here’s 3 reasons why you should reach out to me:

  1. You need a professional real estate agent who knows exactly what is going on in your current real estate market. I know the stats and I know what’s going on in the market! I’m here to give you the FACTS about the ETX real estate market!

  2. I can tell you the TRUE value of your home. Don’t hesitate to ask. It’s not a burden or a waste of time! This what I am here for. I’m always happy to run a free home equity report on your home so you can have an accurate idea of what your home’s current market value is. I’m here to do what is in YOUR best interest! Not mine. I have no problem being the bad guy and I don’t cut corners when it comes to ensuring we get you TOP DOLLAR for your home!

  3. I have folks who text me asking me all sorts of things real estate related which I LOVE! That’s what I’m here for. Even if you’re not personally looking to buy/sell, I’m here to answer any questions you have about real estate. If I don’t know the answer, I’ll tell you…and then I will find out the answer for you!

Feel free to call me at (903)241-2608 or shoot me an email at kristinkoonce@gmail.com if you’d like to know more about what I can do for you or if you’d like for me to run a comparative market analysis on your property! You can also complete my seller’s intake form on my website and I’ll take it from there.

As a reminder, I am never too busy for your referrals and my entire business revolves around them! You help my business grow and help keep food in Gwennie’s dog bowl when you send others my way when you hear they are looking to buy or sell property. I appreciate your referrals more than you know because my business wouldn’t exist without them.

Kristin Koonce Burroughs, REALTOR®
(903)241-2608
kristinkoonce@gmail.com
BOLD Real Estate Group

Kristin Koonce Burroughs, REALTOR®

My name is Kristin Koonce Burroughs and I’m a REALTOR® in East Texas for BOLD Real Estate Group.

For starters, I’m not your average real estate agent! I jumped into this business boldly four (4) years ago because I want to make a difference. I want to do what other realtors aren’t doing.

My entire business is built around loving people well. That’s my business philosophy and that’s what I’m all about! I want others to be so delighted with my services, they can’t help but tell their friends about their experience with me. I want my clients to say, “Working with Kristin is better than trying to do this alone.”

In regards to my work ethic, I’m a morning person and I get the majority of my work done before most people’s alarms go off. I’m creative, proactive, a go-getter, self-disciplined, and self-motivated with an appetite to grow and be better than I was yesterday. I’m a problem solver who is strategic and thinks outside of the box. I have a lot of energy, talk fast, work quickly, and don’t drag my feet. I care a great deal about offering integrity, kindness, grace, and punctuality to the clients, agents, lenders, inspectors, appraisers, and title companies I interact with. I treat every client as if they were my only client because that matters to me. Folks can tell when a realtor is too busy or inattentive.

I’m not in it for the money, but I will absolutely earn my paycheck. Realtors are the most expensive part of a real estate transaction. If someone is going to trust me with the biggest financial decision they will ever make, then you can bet your bottom dollar I’m going to make sure they get their money’s worth. I’m going the extra mile. It’s who I am. I put my all into everything I do.

So, if you’re looking for a real estate agent in East Texas who can help you list property or buy property, let’s chat. You won’t regret it.

https://www.kristinkoonce.com
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