I’m currently at home sick while writing this and thought I’d go ahead and tackle this blog post so I’m not totally useless today. I don’t get sick very often but I did end up with what seems to be a cold and then I also have a strep throat viral infection around my mouth. It’s great and I look amazing (kidding).

Anyway, I can’t tell you how many times I’ve been asked just in the past week about the real estate market. The truth is, this market is different and it’s continuing to shift. A lot of real estate agents are leaving the career because of this changing market but not this gal. I love what I do and I love being challenged! I’m continuing to remind myself that the market may change but God does not. I’m called to be faithful in the small things, do my job well, and to keep showing up!

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

1. The average sales price decreased from $281k in March to $265k in April.

2. There is 2.1 months of inventory which means we need houses to sell.

3. The average days on the market is 72 days.

We remain in a seller’s market which means sellers do still have the upper hand. However, don’t be surprised if buyers are asking for closing cost assistance, repairs, or home warranties. That being said, inventory continues to be low, so your home will stand out if you do decide to list it. Fewer houses means there will be more buyers seeing YOUR house! And, if you price your home right, it’s very likely you could get multiple offers on it.

I personally am looking for more houses to list because we NEED THEM! We’ve got buyers who aren’t able to find a home that meets their needs. I specifically have three different sets of buyers looking for a house with the following criteria:

• 3/2 within 15 minutes of White Oak ISD

• 4/2 or 4/3 in Hallsville ISD

• 3/2 on roughly 1-2 acres in the East Texas area

If you hear of anything or know of anyone, I sure would appreciate the referral so I can hopefully help get my buyers in their dream home!

Here are additional blog posts you might find helpful if you’re thinking about buying or selling within the next three months:

• 3 Things to Consider Before Accepting an Offer on Your Home

• Why You Should Get a Home Inspection

• What is the Home Buying Process?

• What NOT to Do When Applying For a Loan

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