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Happy May!

I wanted to share with you some of my thoughts on the current real estate market as I'm doing for my clients today. I think having an understanding of the current market will help us all navigate it in a more skillful and proficient manner.

As your real estate agent, I look for new listings daily, review those that have sold and look for recent price reductions to keep myself and my clients updated.

In the past 3 months the market has been showing lots of reduced prices and sellers' incentives. It’s not unusual around this time of year in the Coastal Bend that we typically experience a 'slow time' before the summer rush. However, this year it feels like the lull has begun earlier and might last longer than usual. It's becoming clear that the market is in a downward trend, which could be good or bad depending your needs. 'The supply & demand' as everything else, real estate too.

Below is a review of the past decade of real estate in Aransas County. Keep in mind, in 2017, we experienced Hurricane Harvey, in 2020 we endured COVID, and in 2022, here in the United States, we saw an all-time high of any real estate market.

This YTD data is from the beginning of each year to April 15th each year for single family homes and condos:

Average Selling Price: This indicates the average price at which properties are being sold in each respective year. From 2014 to 2024, there seems to be a general trend of increasing average selling prices, with some fluctuations in between.

Average Days on Market: This represents the average number of days it takes for a property to sell after being listed on the market. A decrease in this number suggests a faster turnover rate in the real estate market.

Average Price per Square Foot: This metric gives an idea of the price efficiency of properties, especially when comparing properties of different sizes. An increase in this value over time could indicate increasing demand or appreciation in property values.

Number of Sales: This indicates the total number of property sales that occurred in each year. It reflects the level of activity and demand in the real estate market.

Analyzing these numbers can provide insights into trends and patterns in the real estate market, helping stakeholders make informed decisions regarding buying, selling, or investing in properties.

For instance, a steady increase in average selling prices along with a decreasing number of days on the market might suggest a “Seller's Market”, with high demand and limited inventory.

Conversely, a decrease in average selling prices coupled with an increasing number of days on the market could indicate a “Buyer's Market”, with lower demand and higher inventory levels.

So, when I review this table above, I see that since last year the average sales price has decreased 5.2 percent

The days on the market has increased 25 percent, with decreases in both the price per square foot and number of overall sales. 2024 is retracting. 

It doesn’t mean that it’s the end of the world, it just means that the market is normalizing, as markets are supposed to do.

What does that mean to you as the SELLER?

  • Homes will sell for less and take longer to sell than they did last year
  • We need to work together to have your property ready for showings and looking it's best all the time, so buyers will not put their offers on hold
  • We must quickly negotiate offers, so buyers don't have second thoughts and go elsewhere
  • We may have competition with new-home builders offering a lot of incentives to buyers (yes, new-builds are back).

What does this mean for me as your listing REALTOR?

It means I need to do everything I can to get the most exposure possible for your home:

  • Host many open houses
  • Post content and advertise on social media and other platforms
  • Regularly update digital marketing content
  • Collaborate with other realtors to raise awareness of your home
  • Schedule showings (on short notice sometimes)
  • Speak with everyone possible about your home
  • Host luncheons

BUT…there is a part of this trend that is just a typical market retraction and is completely normal. It is not anyone’s fault. It’s just what markets do. 

I will continue to evaluate this market and give you updates, so that you might have a better understanding of what is happening. 

What does that mean to you as the BUYER?

In a normalizing market, there are a variety of choices available to buyers. Some examples:

  • Pre-owned homes with the price adjustments mentioned previously
  • New built inventory from builders available and offering incentives (closing costs, buy down points, better interest rates with their partners, sometimes even appliances!)

You have a lot more choices compared to the past years, for sure. If you are not getting the deal you feel you deserve, you could look at the next home on your list. But, it is very important to understand, the news of interest rates, elections, et cetera, shouldn't put your process on hold because, no matter what, you can always refinance later if your current needs' pros outweigh the cons for a home purchase now; If that's the case, do it!

What does this mean for me as your buyer's REALTOR?

  • We will negotiate the best terms for your needs, including the concessions you might need to do (now vs. later)
  • We will look for off the market opportunities
  • We will work with reliable builders in the area and refer you to good lenders to assist you with what is the best financing for you
  • If buying with cash is an option, Rockport-Fulton has been in a good growth and appreciation over the years and you will build a good equity overtime.
  • Real estate is a solid investment overall, no matter what is the news about the current interest rates or inflation.

I just wanted you to know that I “feel” this market correction. I also know that if I feel it, you probably feel it, too. Please know that I am avidly working on your behalf either if you are an anxious seller or an indecisive buyer, not sure if this is the best time to sell and/or buy real estate. Call, text, or email me any time if you have any questions.

Happy May to you!


2023 x 2024 YTD Market Trends:

Rockport-Fulton MLS data.

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Clients Appreciation Event - RSVP today!

Reminder...today is last day for RSVP! It's first come first attends and I have some spots left so, please visit https://bit.ly/CAP2024_RSVP . You will get a confirmation from me by Friday.

I look forward to seeing you there!

Let's celebrate Mom:

Also, now that it's May, Happy Mothers' Day to all!

We've got some cool prizes for our favorite moms. Please reply to this email to nominate yours by May 9th and there will be a drawing on our social media from the nominees to win one of the following:

Rockport Daily Grind $25 Gift Card

“Where There’s Coffee There’s Joy”

302 S. Austin St.

Rockport, TX 78382

(361) 230-1895



Wild Prawn $25 Gift Card

"Eat, Drink, Relax"

1941 Hwy 35 N

Rockport, TX 78382

(361) 450-1150



H-E-B $25 Gift Card

"Here Everything is Better"

1409 Hwy 35 N

Rockport, TX 78382

(361) 729-8230


Native Dave's Plants $25 Gift Card

"Specializing in native & adapted plants and palms for the Gulf Coast"

Around the Coastal Bend, TX

(361) 549-2503



Nominate Your Favorite Mom Now

Real Estate News

Will Mortgage Rates Drop Soon?

Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn’t happen —

at least, not yet. 

Read The Full Article

Coming soon:

4-2-2 in Rockport under $400K built by Hogan Homes

3-2-2 in Rockport under $325K near community pool

3-2-2 in Rockport under $500K double lot near Little Bay

REPLY to this email with 'hot properties' in subject to be the first ones to know when they hit the market!

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The night sky is filled with endless wonder, including meteors—which we can observe as they enter the earth’s atmosphere—and collections of them, known as meteor showers. Robert Lunsford, fireball report manager and contributing editor for the American Meteor Society, discusses the marvel of meteor showers and offers essential viewing tips.

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Simple Spring Alfresco Dining

Spring is a lovely time for dining outdoors with friends and family. These recipes for dinner and dessert from The Ultimate 5-Ingredient Cookbook simplify outdoor entertaining and are made with just a few fresh ingredients.

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Community Events

Nautical Flea Market

May 4, 2024 | 10AM-5PM

May 5, 2024 | 10AM-4PM

Nautical items, fishing, sailing, power boating, windsurfing, surfing,

scuba, new and used parts, tools, rods, reels, sails,

nautical art, and used boats, sell or trade.

Rockport Yacht Club | 722 Navigation Circle

More Info

Babes On the Bay | 25th Annual

May 17-18, 2024

The largest one-day women angler fishing tournament in the country.

Women from all over Texas and across the country come together

for a fun filled weekend with live bands, vendor booths, and educational outreach.

Fulton Convention Center | 402 N. Fulton Beach Road

More Info

Rockport-Fulton Lemonade Day!

May 18, 2024| 10AM-2PM

Lemonade Day is a fun, experiential program that teaches youth how to start, own, and operate their very own business- a lemonade stand. Each year, in participating cities, youth have the opportunity to experience entrepreneurship by setting up their business during their city's community- wide Lemonade Day.

More Info

Rockport Fishing Expo | 6th Annual

May 24 | 4PM - 9PM

May 25 | 10AM - 7PM

May 26 | 10AM - 5PM

A family oriented venue for the fishing community in south Texas to have access to serious terminal tackle vendors under one roof in a modern state of the art event center while providing the fishing community with the finest tackle manufacturers used by industry Pros and Rec Anglers, including Fishing Guides, Fishing Apparel, Fishing Art and much more.

Fulton Convention Center | 402 N. Fulton Beach Road

More Info

Rockport Wine Fest | 27th Annual

May 25, 2024


Join us for the Rockport Wine Festival! 

Indulge in an extraordinary blend of wines, craft beer,

local cuisine, and live music.

Texas Maritime Museum | 1202 Navigation Circle

More Info
Signup Here

Rockport Beach

Community Pool

Memorial Park

Goose Island State Park

Aransas Pathways

For more community events check out the 2 sites:

Rockport-Fulton Chamber of Commerce and


Quote of the month:

"Be interested in big things, and happy in small ways."

~ Edith Wharton

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Neli Spurrell, Realtor®

Spears & Co Real Estate