Fulshear’s Changing… You’re Invited To Hear How Much!

RESALES: Let’s start with the good news. The Average Sales Price and the Average Price Per Square Foot both rose. AMAZING considering the level of supply coupled with the current high interest rates. Unfortunately, the number of homes Sold is near a 5-month low. And, both the Days on Market and the Months of Supply are increasing. So, not very good news for Sellers.

NEW HOMES:  If there is some concern for the Resales, there is much more so for the New Homes. Although Sales Prices increased, the average Price Per Square Foot declined, the number of homes Sold ended August 60% below the (5) month rolling average, and the Months of Supply also showed a significant 46% increase over the average. Since New Homes significantly affect Resales, this too is not very rewarding news.