The summer sales season is over but the Houston area housing market shows no signs of slowing down for the fourth quarter!

September shows a huge increase!

September, produced 7,035 closed transactions across the Houston area. Making it the seventh month of 2019 to show a positive increase over 2018. This is a result of low interest rates, (averaging under 4% for a 30 year conventional loan) and plenty of inventory for buyers to chose from. 

The Houston area and suburbs, like Alvin and Manvel have all hovered around 4.1 months of inventory for the majority of the year. Which means if no houses or land came on the market in Alvin there would be no homes after 4 months. 

Looking for land for sale in Alvin Texas?

I have seen months in Alvin when inventory levels were down to 1.2 months. Which completely changes the dynamic between buyers and sellers. 

Low Inventory = SELLERS MARKET

High Inventory = BUYERS MARKET

What does this mean for those looking for land for sale in Alvin Texas?

Land inventory and  prices typically following the same trends are the housing market. Prospective buyers in Alvin Texas now how plenty of property sizes and locations to chose from. They also have easy access to money with interest rates being down over 1% from this time last year. 

With that being said, sellers attitudes are slower to adjust to the changing real estate landscape. Many of whom still expect to get the same advantages sellers had in 2017 when the market was at an all time high. Times have since changed as the market has leveled out and created an equal playing field for both buyers and sellers. 

In summary, the fourth quarter should continue to provide a solid opportunity for those looking to buy land for sale in Alvin Texas, or anywhere in the Houston area for that matter. 

If you are interested in receiving more information about land for sale in Alvin Texas. feel free to give me a call at 281-352-9972.