As spring blooms across Montgomery County, the local real estate market is settling into a more balanced pace after years of rapid price growth. Median home prices remain steady in the mid $300,000s to low $400,000s, with homes priced right continuing to sell quickly while overpriced listings take longer to move.
Homes are spending slightly more time on the market than last year, averaging around two months in some areas. This doesn’t signal a slowdown, but a normalization, giving buyers more time to make thoughtful decisions. Inventory is slowly improving, allowing more choices, though supply is still tight compared with pre-pandemic levels. Well-located homes in strong school zones or established neighborhoods remain in demand.
Mortgage rates, though fluctuating, continue to impact affordability. Buyers are watching rates closely, which can affect offers and timing. For sellers, pricing strategically and presenting homes well remains crucial in a market where buyers now have more leverage than in previous frenzied years.
Buyers should consider pre-approval early and take advantage of the growing selection of homes. Sellers can benefit from thoughtful pricing and staging, especially as buyers have more options and are weighing decisions more carefully.
The spring and early summer season is expected to bring steady activity rather than a surge, with both buyers and sellers needing preparation and strategy to succeed. For Montgomery County residents, this season offers the chance to make well-considered moves in a more balanced and thoughtful housing market.
-Megan Stultz
Call or Text 936-537-2587
Megan@Southern-Luxury.com
www.Southern-Luxury.com