The current price level gives sellers a useful starting point.
When you are deciding how to price a home, the first question is simple will the market meet you where you are? In Katy, TX, last month's sold price and asking-price numbers show a setting where pricing still matters, but overreaching is a real mistake.
Last month, a typical sale closed at $316,500 and sold for 94.7% of asking. I read that as a market that rewards sharp pricing. Katy, TX is not giving sellers much room to push past the market and still expect the same result.
That matters because the gap between wishful pricing and buyer acceptance can slow everything down. When homes are closing at 94.7% of list, I want sellers to think carefully about where their home lands on day one, not after several weeks of adjustments.
Price with the market, not against it. Watch how close nearby homes are actually closing. Be ready to make your first price decision count.
