Montgomery County is currently tilted toward buyers, with the market gauge signaling a buyer’s market. Months of supply sit at 4.1, lower than the Texas average of 5.4 months, yet buyers still have leverage as homes typically sell for about 97 percent of list price and only a small share close above asking.
Prices have been edging up, with the typical home value around $349,000 and up more than 5 percent from last year, while the median list price is up more modestly year over year. Even with that upward price pressure, sellers are accepting slight discounts, and just 8 percent of homes are selling above list, indicating restrained bidding.
On the activity side, homes sold in June rose more than 7 percent from a year ago, while new listings also increased year over year, giving buyers more options to consider. Properties are taking longer to move, with median days on market at 61 days and higher than a year ago, which can give buyers more time to negotiate and forces sellers to price strategically. Whether you want to take advantage of today’s buyer-leaning conditions or position your property to stand out, Agent Pronto can connect both buyers and sellers with a local agent who knows this market’s nuances.
