Now is a great time to buy in our community.  With 52 homes currently for sale, buyers have many choices in various prices ranging from $200,000 to $700,000. This week one home sold, 2 homes went under contract, and 3 homes came on the market.  The number of homes sold is down from last summer’s hot market; however, buyers are still actively searching in our area.   When we are in a buyers' market, like we are now, sellers need to have their homes standout—and buyers need to have someone with knowledge of the community to help prioritize their search.  

In a continuing trend over the last few months for our area, more homes have been added to the market than have sold. This means that buyers have more choices-- and also means that sellers have to work harder to get their homes to stand out. In our zip code (78750) for the month of July 2008, there were 158 homes for sale while only 23 homes sold. Last year, for the same month, there were 107 homes for sale and 45 homes sold.  Homes that are "priced right" and that have been appropriately updated are selling quickly.  However, homes that are priced at the top of the market or require updating are not moving quickly due to the oversupply of quality homes.