Houston home markets are always in the process of changing, but the transitions have been moving quickly the past couple of years, so we rely on experts to keep close track.
And yes, it’s correct to refer to the Houston area as being made up of more than one market, according to some home professionals.
Kenya Burrell-VanWormer is Director of Strategic Development at QBS Consulting Group LLC, and she’s one expert who says, “It’s hard to put Houston in as just one market.
“We have so many areas that make up the Houston market, for example if we were to list Houston as just one market, we could be obliged leave out The Woodlands, Northwest Harris County and other places.”
There are plenty of properties available for buyers and there are even some bargains, but sometimes the best deals are available in specific areas around the City of Houston, and often lately they’ve been found in outer areas that make up the Greater Houston Area.
“You can do well looking for bargains, and one of the places where we have inventory in abundance is in Northwest Houston, the Magnolia area, Lake Conroe, Katy, we’re looking at those areas outside the metro area, and that’s where people are finding the bargains,” Burrell-VanWormer says.
“It’s in those outer areas of Houston, such as Hockley, Katy and others, where we expect the buyers to have the strongest negotiating period today.”