As you know, I like to start off each month’s paper with something that will put a smile on your face. Here’s this month’s attempt–I hope you find it as funny as I did!
A man gets into an argument with his wife and they are not speaking to each other. The wife always get up at 4:30 AM and the husband at 6. Not wanting to be the first one to break the silence, the husband has an early meeting and leaves a note where his wife will definitely find it that reads, “Please wake me up at 5AM”, and goes to bed.
The husband wakes up at 7:30AM and is furious that she did not wake him up. As he steps out of bed and onto the floor, a note falls off the bed. It’s a note from his wife that says “Wake up. It’s 5 AM”.
WHERE HAS THE SOUTH KATY REAL ESTATE MARKET BEEN AND WHERE IS IT GOING?
Knowing about real estate, my crystal ball only works in reverse. I make educated guesses based on my 38 years of experience for the future. Here are the statistics based on what’s been happening since the 4th quarter of 2015 in South Katy.
This chart shows the quarterly supply and demand over the last 3 years. The red indicates the supply and the green indicates demand. As you can see, the supply has by far outweighed the demand in every quarter, up to and including the last quarter of 2018.
From my point of view, the market changed 18% since the last quarter of 2015. 5% more homes for sale and 13% fewer buyers. Every year, most of the real estate sales have occurred in the second quarter of the year in the months of April, May, and June.
The third quarter; June, July and August, is consistently the second most active part of the year. The second and third quarter are the most competitive quarters for sellers due to the overwhelming number of sellers in those months, compared to the number of buyers in the market.
Your home must stand out from the crowd in so many ways. Your home has to find a buyer instead of waiting for a buyer to find it. The marketing has to target the right buyer at the right time and in the right place. When you are ready to sell your home and you want to make sure your home is finding the right buyer in the right place at the right time, then let’s talk.
Or get an early start at MyValue123.com