So what’s happening here in our Bryan – College Station Real Estate Market? Everyone wants to know. Are we going to see a crash, and what should I do with my home? It can be so confusing with all the news whether it be positive or negative or what the best choice to make is for your family.
I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station. I totally understand, I have been in the industry for over 11 years and I can help you navigate this market. Let’s look at the data of what’s happening so that you can make an educated decision.
First off, according to real estate experts and advisors anytime you have inventory levels that are at 6 months of
inventory or below, that we are in a seller’s market. And anytime we have levels above six months, we are in a buyers market.
It’s the supply and demand theory, when there is a limited supply like there is right now, then the prices go up. So let’s see what inventory levels are doing here locally. Is it a good time to sell here in Bryan Texas ?
Well, let’s look at what happened In the month of November. In Bryan at the time of this video filming we have 160 single family and new build homes that are on the market. The average time to sell is only 81 days, and we have less than 1.3 months worth
of inventory, which shows us we are in a strong seller’s market.
Now you may be wondering if it’s a good time to sell in College Station, Texas 77846. In College Station, we have only 99 active homes on the market and in November 109 homes were sold. Again, a seller’s market because we have exactly .6 month’s worth of inventory, another strong seller’s market.
So here in Brazos County we have very low inventory and strong buyer demand. It’s a great time to sell as we are consistently experiencing bidding wars and homes being sold above list price. Feel free to reach out to us at no cost or risk for a hassle-free strategy session. We look forward to hearing from you! I’m your Community Market Leader Sherri Echols, a helping hand for a happy home.
