Want to know what’s happening here in our local Brazos County Real Estate Market? I get asked this question often! Is now a good time to sell in Bryan, Texas 77802 and College Station, TX 77845? I also get asked if we are going to see a crash, and what should people do with their home? It can be so confusing with the constant changes in the market to know what the best decision for your family will be. I totally understand, I’m in the industry and have been for over 11 years and I am here to help you navigate this market. I’ve done hundreds of real estate transactions and know that when answering these questions it’s always a good idea to look at the data and what’s happening in the market so that you can make an educated decision. First off, according to real estate experts, anytime you have inventory levels that are at 6 months of inventory or below, 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 in action, when there is a limited supply like there is right now, then the prices go up. I’ll tell you this, we are still in a seller’s market! Let’s see what the market looks like here locally. Is it a good time to sell here in Bryan, Texas 77802 or College Station, Texas 77845? Well, let’s look at what is happening as of today! In Bryan at the time of this video we have 125 Single Family or New Builder homes that are active. The median time to sell is only 70 days, with only 79 homes sold in Bryan in January. Now you may be wondering if it’s a good time to sell in College Station, Texas 77845? In College Station, we have 97 active homes on the market and in January only 61 homes were sold, with median days on market of 51. We have inventory rates of 1.6 months in both Bryan and College Station, strong seller’s markets. 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 even homes being sold above list price. Feel free to reach out to me at no cost or risk for a hassle-free strategy session. I’m looking forward to hearing from you! I’m your Community Market Leader Sherri Echols, a helping hand for a happy home!
