August sales information is out (see below) and inventory is starting to increase, although inventory last year at this time was low and decreasing. Month over month has also increased which gives more choices to buyers. The market still continues to be a seller's market under $3 million. The average and median price and $/SF still increased year over year. Make note that closed sales are running 99% of ask price which has decreased from the running past 9 months. This also follows with the dropping of list price that many sellers are choosing to make. The market is performing similarly in Magnolia and Spring with homes pools, but homes without pools shows a Buyer's market.
Sunday is our country's remembrance day of Sept. 11, 2001, 21 years ago. We reflect on this day, the lives lost and the heroes who courageously saved others from this tragic day
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