Finding Humor in Today’s Housing Market

The housing market is hot — but we bet you already know that.

To get a clear picture of just how blistering the market is, let’s take a look at the numbers:

In May, homes in the Houston area spent an average of 34 days on the market. Last May, that average was 58.

There are only 1.4 months of existing home inventory in Houston.

According to the most recent HAR report, the average sales price in Houston rose 29.7 percent to $387,105. The median price jumped 21.7 percent to $304,000.

And there are countless stories of homes selling tens of thousands of dollars over the asking price.

Does this make you want to laugh or to cry?

We’re going for the laugh option, and we have a few videos to help you get there. Some are so funny you might laugh until you cry!

Perhaps the video that has captured the most attention when it comes to describing the housing market is this one from April of a man trying to sell an apple. Not to give anything away, but a California buyer comes in with a $100 offer because it’s the cheapest apple he’s ever seen. Even if this has scrolled across your newsfeed already, it’s worth another watch.

A little closer to home, Austin Realtor Ian Grossman gives his take on offers, inspections and just how high you might have to offer over asking price in this TikTok video.

Mal & Joel Real Estate shares a TikTok video on Facebook to explain the difference in a buyer’s agent presenting an offer in 2016 versus 2021. We think those Realtors who have been in the business for a while can relate.

Finally, this YouTube video is a little longer but definitely worth a watch as a potential home buyer learns the harsh reality of buying in today’s market. “All offers have to be in by 3 p.m. today” is just the beginning!