HAR Report: Reflecting shifting market conditions, the average list-to-sale price ratio declined to 92.2 percent in November, down from October and the lowest level since HAR began tracking the metric in 2001.
“Houston’s housing market is setting into a balanced pace,” said HAR Chair Shae Cottar with LPT Realty. “Buyers now have more time, more options and a little more breathing room to negotiate. Sellers are still attracting offers, but realistic pricing and expectations make all the difference.”