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North Houston Market Is Holding Steady!

The housing market in northwest Houston has remained steady this summer, despite the downturn in the energy sector.

 

Houston

Houses priced below $300,000 are moving well, and remain in high demand, said Jill Wente, a real estate agent with Better Homes and GardensGary Greene, in Spring.

“We are experiencing a different market this year than last year,” Wente said. “The under $300,000 market is still moving fairly well. Among the $200s and under, we are still experiencing multiple offers.”

And builders are adjusting to suit the needs of the market. Last year, there were many builders who offered homes priced more than $300,000. But the demand now is for lower priced homes.

“Builders start to adjust the product line they have out there,” Wente said. We’re seeing some builders come back and make adjustments to offer lower prices in the under $300s to accommodate for that segment of the market where the demand is definitely still there.”


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