Victoria Printz Weighs In on Midland’s Tight Buyer’s Market

Victoria_Printz

Midland’s housing inventory continues to tighten amidst influx of buyers, including nearly 170 families currently relocating with Anadarko Petroleum Corporation.

The Midland Reporter-Telegram recently cited a 10-year record high for March with 231 homes sold at $66.458 million, compared to $40.934 million homes sold in the most active February going back five years.

This news is no surprise to Victoria Printz – top producing real estate agent serving Midland area residents since 1995.

“I haven’t been this busy in over a decade,” says Printz. “Inventory levels continue to shrink, especially in the $300,000 to $400,000 price range. We are experiencing multiple offer scenarios and bidding wars, whereas six months ago, homes were being purchased well below list price.”

With over $650 million in sales and over 2,900 transactions to date, Printz is an authority on buying and selling Midland. Her 16-person team has earned a reputation delivering a full-service approach, combining 24/7 personalized attention and strategic in-house marketing, with 30-plus years of listing and corporate relocation expertise.

“We believe in doing one thing and doing it right,” says Printz, an ideology that allows her to focus primarily on listings, while her team of agents take the lead with buyers.

Keeping clients informed is her top priority. “We spend a lot of time updating our sellers on market conditions, and drafting offers that stand out in Midland’s competitive market, which is so critical for today’s environment,” she explains.

Printz’s advice to sellers, “Get your house on the market, today.” For buyers she says, “Align yourself with an experienced, well-informed agent that will guide you through a successful purchase in a multi-offer market. Also, have your pre-approval and funding in place before presenting an offer to avoid losing the opportunity of obtaining your dream home.”

2 Comment

  • Isn’t a buyer’s market one where buyers have the advantage over sellers due to large inventory? This headline doesn’t fit at all.

  • If it is truly a sellers market, why do I see price reduced on a lot of homes that have been in the market for months and months!