In Katy, Texas, here’s your market minute for this week. 290 new listings hit the market, averaging 465,000 at 175 per square foot—a slight dip from last week. Pending sales are up: 146 homes went under contract, averaging 425,000, showing buyers are staying active, especially around the mid-400k range. Only 103 homes sold this week—a big drop from last week, but no worries, as this was expected due to the Fourth of July holiday. The average sold price is 453,000 at 168 per square foot, with sellers negotiating down from an average list price of 472,000 at 176 per square foot. Homes are sitting on the market an average of about 50 days, and we’re seeing a small gap in price negotiations per square foot.

Sellers—now is the time to price smart. Buyers are active, but they’re very strategic, and overpriced homes are sitting. Want to know your home’s current value or how to buy smart in this market? Send us a direct message below.

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