East Texas Real Estate Market Update (Feb. 2023)

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

I typically send an email out with a market update but figured I’d include that information here as well. I want you to always feel like you have someone to turn to for trusted, reliable information! Especially when it comes to real estate. I want you to be in the loop so you know whether or not it’s a good time for you to buy/sell property.

Here’s what you need to know about the current real estate market here in East Texas:

  1. We’re still in a strong SELLER’S market which means sellers still have the upper hand in negotiations (although buyers do have more power than they did in the past).

  2. The average sales price INCREASED from $243k in January to $261k in February and prices are continuing to INCREASE! We are not seeing very many price reductions (unless the home was overpriced to begin with).

  3. A home's average days on the market increased to 77 days (it was 74 last month).

  4. The average absorption rate is 2.2 months! This is how we know we’re in a seller’s market. Anytime that number is less than 6 months, it’s a seller’s market. If its’ greater than 6 months, it’s a buyer’s market. This number decreased a little from last month!

We’re still experiencing multiple offer situations. Buyers may not be up against 8-10 other offers, but they may be up against 2-3. Both of my listings received multiple offers! As you can see, inventory is still low. If you have been thinking about selling your home, now is most definitely a good time to do so. I’m always happy to run a free comparative market analysis on your home so you can see what price point you’d be looking at in today’s real estate market!

Let me know if you have any questions! I’m here for you and want to help you/your family/your friends in whatever way I can!

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

Kristin Koonce, REALTOR®

Let’s make your listing FAMOUS!

My name is Kristin Koonce, and I’m a one-of-a-kind East Texas listing agent with BOLD Real Estate Group, proudly serving Longview, White Oak, Hallsville, Tyler, and surrounding East Texas communities. I specialize in helping homeowners and land owners see the value and potential in what they already own—and using creativity, strategy, and heart to bring that vision to life.

I’m not your average real estate agent. I stepped into this business boldly because I believe real estate should be done differently—with integrity, intention, and a genuine love for people. I focus on building long-term relationships, staying connected long after the sale, and empowering my clients to make smart, confident financial decisions about their homes and land across East Texas.

My business is built on one simple philosophy—love people well. Every client matters. Every story matters. When you work with me, you’ll never feel like just another transaction. I treat each client as if they were my only one—because trust is earned, and results should follow. My goal is for clients to walk away saying:

“Working with Kristin is better than trying to do this alone.”

I’m known for being creative, proactive, strategic, and detail-oriented. I think ahead, solve problems quickly, communicate clearly, and handle the behind-the-scenes work others avoid. I operate with kindness, professionalism, punctuality, and grace, collaborating seamlessly with agents, lenders, inspectors, appraisers, and title companies to ensure smooth transactions.

If you’re looking for a trusted listing agent in White Oak, Longview, Hallsville, or anywhere in East Texas, I’m here to help. I’m an active member of the Longview MLS, Tyler MLS, and MetroTex, and I specialize in selling residential land, acreage, inherited properties, fixer-uppers, and family homes.

Whether your property is full of memories, potential, or possibilities—I can help you sell it with confidence and care.

I don’t just list properties…I SELL THEM! #getlistinwithkristin

https://www.kristinkoonce.com
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