Texans are seeing slow but important progress in home sales markets, with the greatest change coming over the past several months, the turning of a sellers' market into a buyers' market.
Home sales expert Jennifer Hammond watches the trends very closely and she says the trend is showing up all across the nation but, surprisingly, also in Texas, including the once red-hot home markets of Austin and Houston.
"I was just on the phone with someone from Austin, and we're seeing the same thing, we're seeing more supply and less demand," she says.
And she says she's seeing this even as she looks closer at home sales market figures than many people do. So many market watchers look at the past 90 days and then compare home sales with a year ago.
"But you not only want to look at the last 90 days of what's been sold but also the last 90 days of what's gone under contract, what's sold but hasn't gone to settlement yet."
Two of the biggest indicators that the market is turning more in the direction of favoring buyers rather than, as it's been for many years, favoring sellers is the fact that sellers are not getting more money than their asking prices for homes.
And it's a major factor in all this that mortgage rates have been relatively high and have remained that way.
"So those are two big factors and we're definitely seeing most of the market shifting from a buyers' market to a sellers' market."