How is the Palestine Tx Real Estate Market? – September 2023:
We are in the thick of what is happening with the Palestine Texas real estate market trends. We keep an eye on the real estate market, so you don’t have to! The local Palestine, Texas real estate market is highly localized and the real estate market is shifting from recent years. In this September Palestine Texas real estate market trends report, we will compare and compile the most up-to-date market stats and info for Palestine and Anderson County area real estate inventory, pricing and marketing trends to provide an overall idea of what is going on in the local housing market, so you can make informed decisions.
Is now the right time for you to buy or sell property in Palestine TX? Let’s check out the last month’s statistics in our local real estate market!
At a glance: We are in a more balanced market than we have seen in years. Things are still adjusting–Interest rates are rising and inventory levels, buyer incentives & days on market are going up.
How’s the real estate market-Palestine Texas? Trends in the Palestine Tx Real Estate Market – September 2023 Report–Real Estate Market Trends in Palestine TX– Local Palestine TX Real Estate Information
Is the Palestine TX Real Estate Market Good? Bad? Ugly?
In the last 30 days, the Palestine Texas Association of REALTORS® MLS had the following activity:
Check out the differences in the Palestine, Texas real estate market during the same 30-day segment from a year ago vs. today. Highlights include:
That’s a lot of real estate trends and numbers, but what does this all mean and how does it correlate to how the real estate market really is in Palestine Texas during September 2023?
As of today, the local Palestine Texas real estate market absorption rate is 4.08. What on earth does that mean? It means that if no other properties were listed for sale in Palestine, TX, it would take just over 4 months to run through the property inventory in Palestine, Texas. An absorption rate between 3-6 months is generally considered a balanced market, so we are firmly in the balanced market category for the first time in awhile! Call us if you are ready to buy or sell! Happy housing, y’all!
Lisa Priest likes to chart trends and is a Palestine, Texas Real Estate Broker / REALTOR® with Picket Fence Realty, Inc. You can reach her via phone at 903-729-7530 or read more at BuyPalestine.com
DISCLAIMER: This data was compiled from Palestine Area Association of REALTORS® Multiple Listing Service by Lisa Priest, Broker with Picket Fence Realty for informational purposes only. Please note that this data is for residential properties in Anderson county only. This data is current as of 9-21-2023 and is not a warranty of future market conditions of any kind. This information is deemed reliable but not guaranteed.
How’s the real estate market-Palestine Texas? Trends in the Palestine Tx Real Estate Market – September 2023 Report –September 2023 Report
How is the Palestine TX Real Estate Market? – September 2023