Yes, as rates continue to climb and less buyers a buying, but many sellers still need to sell, I would expect to see that number rise, especially with the holiday season approaching.
Thanks for sharing, Sharon. With inventory at 5.5 months and days on market creeping up to 58, buyers in Houston are getting more leverage. As a Realtor, that's when I'd encourage buyers to ask for seller concessions toward closing costs or a rate buydown in addition to negotiating price, since sellers often find those easier to say yes to. For investors, a slower holiday season can be a good time to make offers on listings that have been sitting, as long as the rents support the purchase at today's rates.