The general Houston market is still "HOT" as many nice homes get full price offers within a few days. Areas like inner loop communities (Bellaire, The Heights) as well as suburbs such as Katy and The Woodlands come to mind.
That being said, every neighborhood is different and in general the markets slow down in the fall. However, this has not been a typical market and many buyers are still looking for homes.
2014, the sellers will not be caught off-guard and their should be more inventory for buyers to select from. It may be a bit cooler market, but honestly this will be welcome relief as both buyers and sellers should be happy. Higher prices for sellers and more inventory for buyers to choose form.
Bernstein Realty, Inc.
Sons & Daughters Realty
As my peers have mentioned, there are some areas that are still "hot" and if a property is priced right, it does move very quickly. The slight dip perhaps could be that most folks who wanted to settle before the school year started have made their moves already. There is still a high demand for homes in certain areas and I hear new homes are still trying to meet completion deadlines due to the high demand.
It is true that if you want to get good interest in a listing, you have to prepare the home and price it right.
I think homes in certain higher price ranges have more inventory options as opposed to those falling between $200,000 and $400,000.
Thank you for your post - brings good input from various areas.
REALM Real Estate Professionals
I'm not quite sure that is correct. Last month Houston had a record number of homes sold in the city's history. It is true we are currently at about a 10 year supply low in terms of housing inventory. I hope this helps.
Nadeem - Realtor