Katy and Houston News

07.31
2020

Katy Area Realtors See an Increase in Home Sales

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Now may be the perfect time to find your new home in The Falls at Green Meadows. After a quiet spring, Realtors in the Katy area reported a spike in home sales from June 2019 - May 2020 compared to the prior time span. As the stay-at-home orders lifted in May, prospective homebuyers set out on their search for their future home resulting in an increase around the Katy area.

The Katy area saw a 6% increase in homes sold between June 2019- May 2020. In addition to the number of homes sold,  data showed several zip codes with fewer days on the market and a 6% increase in average home sales price.

The reported data is great news for the real estate market after several months of inactivity. Many Realtors and builders have been flexible and innovative, quickly creating virtual open houses and virtual showings. The combination of low interest rates and virtual options allowed consumers to continue their home search.

Houston area Realtors have adjusted spectacularly to unprecedented changes in order to serve their clients needs. With low interest rates still a major incentive to buy, we are optimistic for continued market success.

Visit The Falls at Green Meadows today and find the perfect home and community for your family!

SOURCE: Community Impact