Hi neighbor,
Today I will be sharing with you our perspective on the local real estate market here in Houston, Texas, specifically a market update for the neighborhood of Oak Forest. Whether you are looking to buy, sell, or just keep an eye on the market, we look forward to being your resource.
What is happening in the real estate market in Oak Forest?
We currently have 24 homes pending, with 11 homes sold in the last two weeks, averaging a sale price of $295 a square foot. Eleven homes sold over the asking price.
Compared to the two weeks prior: Homes sold are up from 7 homes sold to 11 homes sold. Every home is different, with different features, so don’t forget to ask us for your annual equity review if you are curious about your personal home. You can request your free home evaluation here or email us here.
Buyer agents around Houston are seeing a slow in the real estate market, but it isn’t affecting every neighborhood. I know the interest rates rising has been one deterrent from some buyers purchasing right now, but that isn’t your ideal buyer anyways!
The most desirable homes in the area are still selling the first weekend or first week they hit the market (a really good coming soon campaign, like we do at Jo & Co. allows you to sell faster, for more money)
Check out the graphic below for a larger overview of the real estate market for the last two weeks in Oak Forest.
Insight From Jo
Hello friends and happy new week 
I wanted to check in and share what I am seeing this week across the greater Houston real estate market. Things are continuing to settle into a steady rhythm, and that creates some really interesting opportunities depending on where you stand as a buyer or a seller.
What I am seeing this week
Inventory is still giving buyers more breathing room.
We continue to see a healthier number of homes available compared to the frenzy of previous years. Buyers have more options and more space to think through decisions. Sellers are learning that preparation, condition, and strong presentation are what truly stand out right now.
Home values feel steady with light pressure in some pockets.
In parts of Greater Houston, pricing is still showing slight year over year softening, especially in homes that need updates or are priced too aggressively. Meanwhile, homes that are well cared for and in great locations are still moving and holding their value well.
Mortgage rates remain in the mid 6 percent range.
Rates have been fairly stable lately. Buyers are adjusting their expectations around payment and price, and sellers are becoming more aware of what today’s payment environment means for affordability and demand.
Fall activity continues to favor serious movers. 
Buyers right now are more intentional. They are shopping with purpose, not just browsing. Homes are spending a little more time on the market, and price adjustments remain part of the conversation. This creates room for thoughtful negotiations on both sides.
What this means for buyers this week
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You still have more leverage than we saw in recent years, especially on homes that have been sitting.
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The most desirable homes are still competitive, so being prepared matters. Pre-approval and clear buying goals continue to be key.
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Homes that need cosmetic updates can offer strong value right now if you are open to improvements.
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Keep your monthly budget front and center. The smartest buyers are focusing on comfort and long-term stability.
What this means for sellers this week
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Homes that show well continue to win buyers’ attention. Clean, bright, and well staged listings feel like the safest choices for buyers right now.
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Pricing correctly from the start matters more than ever. Overpricing is leading to longer days on market and multiple reductions.
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This is still a great time to prepare your home for a strong fall showing period while motivated buyers are active.
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Serious buyers are still out there. They just expect value, condition, and realistic pricing.
My two cents
We are still sitting in a smart, strategic market. It is no longer rushed or emotional like it once was. The buyers who are winning are confident, prepared, and patient. The sellers who are winning are honest about pricing, thoughtful about condition, and clear about their goals.
If you are buying, this is a moment to move forward with confidence instead of fear.
If you are selling, this is still a market where great results are possible with the right plan.
This week’s market is not about speed. It is about alignment, timing, and strong guidance.
What is happening in the real estate market nationally?
| MORTGAGE RATES CURRENTLY TRENDING | THIS WEEK'S POTENTIAL VOLATILITY |
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Notable News
- Where are mortgage rates headed now? Listen Now >>
- How to build credit while renting and move closer to homeownership. Watch Now >>
- New Act introduced to boost affordable housing supply. Read Now >>
Market Recap
- Job openings on the Job Openings and Labor Turnover Survey (JOLTS) were at 8,098,000 in November, which was an increase from the month before.
- Mortgage application submissions increased 4.8% during the week ending 12/5. Refinance application submissions increased 14% from the previous week while seasonally adjusted purchase applications decreased 2%.
- The Federal Open Market Committee (FOMC) voted to lower the benchmark interest rate another 0.25%, bringing it to a range of 3.5% to 3.75%.
- Continuing jobless claims were at a level of 1,838,000 during the week ending 11/29, which was a decrease of roughly 100,000 from the week before. Initial jobless claims were at a level of 236,000 during the week ending 12/6, which was an increase of roughly 40,000 from the week before.
Can we sell yours?
So if you are in need of a listing agent, we would love the opportunity to see your home and meet you of course. My husband, Edward, and I, look forward to being the brokerage and team for you! You can reach out to us via email: [email protected] & [email protected] or telephone: 832-493-6685.
Read more:
If you are curious ‘How to get more money for your home when listing it for sale', check out this blog post.
I hope you have found this blog post super helpful. If there is anything else we can do for you, including helping you sell (or buy) a home, I would be honored to assist. I hope you have a great day/evening. Cheers, E + J.
We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend. Thoughtfully written for you. Hugs, Jo.
We are Waiting for You
If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!
If you are overwhelmed..
Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by click this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious what to look at next! Thank you for trusting us.
What next?!
• Navigate our Blog: https://byjoandco.com/categories-to-help-you-navigate-the-blog/
• Download our Moving to Texas ebook! http://byjoandco.com/movingtotexasebook.
• Download our Where to Live in Houston Texas ebook! http://byjoandco.com/wheretoliveebook.
• Browse our Ebooks and Relocation Guides: http://byjoandco.com/ebooks
• Schedule a phone call or appointment with us! http://byjoandco.com/appointment.
• Email us! [email protected].
• Looking for a buyer’s agent? Fill out our buyer questionnaire! http://byjoandco.com/q.
• Ready to find your dream home? Search, http://search.byjoandco.com.
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