2022 Q4 KERRVILLE AREA HOUSING REPORT
The housing market is facing a lot of uncertainty, particularly in the media. Nevertheless, we are confident that the Texas Hill Country real estate market is well-positioned. Although the national market is experiencing rapid changes after the tumultuous past two years, our Kerrville area real estate market is stabilizing and expected to remain healthy, similar to the 2018 and 2019 markets.
The supply of homes is increasing, and the pace of price growth is slowing down. In the Kerrville area, the supply of homes has risen from 2.1 months in 2021 to 3.9 months currently. In this adjusting market, pricing is critical, and homes that are priced reasonably might draw more buyers and have a greater likelihood of selling faster. Buying or selling a home is still economically beneficial. In summary, there are favorable opportunities for both buyers and sellers.
If you're considering buying or selling a property, you may have inquiries regarding mortgage rates, inventory, and pricing. The agents at Fore Premier Properties are available to assist you in navigating your upcoming decision.