We watch the real estate market in Palestine Tx so you don’t have to! The local Palestine, Texas housing market trends are consistently changing and the real estate market can sometimes be tricky to navigate. In this Palestine Texas real estate market trends report, we will look at the most up-to-date statistics and information regarding Palestine real estate prices, inventory, and sales trends to provide an overall picture of the current state of the local housing market so you can make informed decisions.
Inventory is still historically low and interest rates have risen and likely continuing to rise…Is now the time for you to buy or sell real estate in Palestine TX? Let’s check out the last month’s stats in our local real estate market, shall we?
At a glance: Inventory levels and days on market are rising = trending to a more balanced market than we have seen in the past few years. Things are still adjusting–Interest rates are rising and inventory levels & days on market are going up. The next few months will be interesting to watch!
How’s the real estate market-Palestine Texas? Trends in the Palestine Real Estate Market – March 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 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 March 2023?
As of today, the local Palestine Texas real estate market absorption rate is 3.44. 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 3 months to run through the property inventory in Palestine, Texas. An absorption rate between 3-6 months is generally considered a balanced market 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 3-16-2023 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 Real Estate Market – March 2023 Report –March 2023 Report