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The Truth About Home Prices in Houston, Katy, and Fulshear

Understanding Home Prices in Houston, Katy, and Fulshear: What the Headlines Aren’t Telling You

Are home prices truly dropping, or is there more to the story? It’s easy to get lost in dramatic headlines about falling home prices. In general, I’m guilty of looking at a new headline and not taking the time to dive into the facts! But let’s dive into the facts to understand the real state of our local real estate market. 

Confused by the mixed messages in the media? Contact me at 832.594.1265 or at [email protected] to sit down and discuss what these market dynamics mean for your specific situation. Whether you’re thinking of selling or just curious about your home’s current value, getting the right facts is crucial for making informed decisions.
 
My job is to present the facts and help local homeowners understand the data so you can make informed decisions based on your personal real estate needs. Ready to clear up some confusion and look at why the current narratives might be misleading? Read on or click to watch the video below for the facts behind the misleading real estate market headlines.
 

 

The Difference Between Asking and Sold Prices

Headlines often focus on the sensational—like a record number of price reductions. However, it’s crucial to understand the distinction between asking prices and final sale prices.
 
Asking Price: This is the initial price set by sellers when they list their homes. In today’s dynamic market, some might start with a high expectation, only to adjust later based on actual market interest.
Sold Price: Contrary to the doom and gloom of price slashes, the price at which homes are actually sold is holding strong—and even increasing.
 

Recent Trends in Home Values

The latest market update reveals some eye-opening statistics from May 2024:

  • In Houston, we’ve just seen home prices reach a new all-time high, surpassing previous records.
  • In Katy, prices increased by 8% compared to last year.
  • In Katy’s 77494 zip code, prices have surged by over 10%.
  • Nationally, home prices have risen by 6.6%, indicating a robust market across the country.

 

 

What This Means for You as a Homeowner

Despite the fear-inducing headlines, the housing market remains strong, making it a favorable time for homeowners looking to sell. 

If you’re based in Katy or Fulshear and are considering selling your home, these trends are especially pertinent. The value of homes in your area is growing, suggesting that now could be an excellent time to consider listing your property.

Here is a detailed breakdown of how the Houston, Katy, and Fulshear real estate markets performed in the first half of 2024, where I answer the top three questions I get from my clients about the current real estate market.

Don’t let misleading headlines steer your real estate decisions. Reach out today to explore how these positive trends can benefit you as a homeowner in Houston, Katy, or Fulshear. Together, we can harness the market to your advantage.
 

Let’s Discuss Your Real Estate Goals

 

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