Top Ten Company Ranking Report for August 2018

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We are so proud to be selected to represent so many in the selling or purchasing of a home here in the Greater Houston Metropolitan Area!  Here’s the statistics from the Houston Association of Realtors® Information Services for production year-to-date by company.

To download a pdf copy, click here.

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Houston Single-Family Home Sales UP 9%

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Houston single-family home sales closed ahead of July 2017 by 9% and the increase in sales brought year-to-date sales up 4%. One might expect a cool-down after a hot first half of the year, however the Houston MLS recorded an 18% increase in pending sales during July.  It’s a sign that things won’t slow down at least in the near future.  As we have seen in previous years – the hotness of the market is contingent upon price ranges.  Some home price ranges are hot while others are lukewarm.  In reviewing the graph below, it’s very safe to say that homeowners in Houston are enjoying a healthy appreciation on their investment.   Stay tuned and we’ll keep you posted!

Here’s a glance at the trends for the month and year:

*Pending sales are homes that are under contract and have not closed and indicate current buyer demand.

Houston Home Sales by Price Class for 2018

What price ranges have the largest increase in sales in Houston in July? The following price classes experienced the largest increase compared to 2017:

Homes priced below $299,999 are in a sellers’ market.  Homes priced $300,000-$399,999 are in a balanced market and homes priced $400,000 and above are in a buyers’ market.

The Houston overall market is so large; it rarely reflects the same trends as a submarket area located within its boundaries.  Some areas are exceeding Houston’s overall growth in sales while others are lagging behind.  For a breakdown of activity by area with a map, CLICK HERE.

To see the hottest selling geographical areas for the month in Houston, CLICK HERE.

To search for homes by price range and map, go to www.GaryGreene.com.

 

 

 

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Houston Real Estate Market Gets Hotter in June!

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Hot temperatures are not  the only thing hot in Houston right now.  June single-family residential real estate sales are 2% ahead of 2017. Sales may even get hotter in July due to 10% more contracts written [a.k.a. pending sales*]  in June. An increase in pending sales indicates that sales will continue to be healthy at least through July.  As one can observe from the table below – there are fewer homes on the market however buyer demand continues.  These two factors put pressure on the average and median sales prices.  Hopefully, more in inventory will become available to satisfy demand and keep homes from appreciating beyond affordability.

 

 

 

 

 

 

 

 

*Pending sales are homes that are under contract and have not closed and indicate current buyer demand.

As the table depicts, listings are down 2% for June in comparison to last June, however, listings are down 3% YTD.  The average sales price and median sales price are slowly increasing and may continue to increase if the number of active listings continues to decline in high demand price ranges.  The result is home price appreciation which is a good thing for homeowners but too much appreciation can impact housing affordability.   The highest demand prices ranges can be viewed below.

Top Selling Home Sales by Price Class for 2018 YTD

  1. $150,000-$199,999 – 8,537 sales YTD – 1.8 Months of Inventory
  2. $200,000-$249,999  – 7,394 sales YTD –  3.2
  3. $300,000-$399,999  – 6,396 sales YTD –  5.7
  4. $250,000 – $299,999 – 5,273 sales YTD – 4.6
  5. $100,000 – $149,999 – 3,944 sales YTD –1.5

All of the above price classes are in a strong sellers’ market [they’re hot]!

The Houston overall market is so large; it rarely reflects the same trends as a submarket area located within its boundaries.  Some areas are exceeding Houston’s overall growth in sales while others are lagging behind.  For a breakdown of activity by area, CLICK HERE.

To see the hottest selling geographical areas for the month in Houston, CLICK HERE.

To search for homes by price range and map, VIEW HERE.

Data provided by the Houston Association of Realtors® Information Services™, and The Real Estate Center for Texas A&M and written by Toni Nelson, Director of Strategic Initiatives for Better Homes and Gardens Real Estate Gary Greene

 

 

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Houston Home Sales Surge One Year After Harvey!

Last August, Hurricane Harvey came ashore and left thousands of homes devastated in its aftermath.  Needless to say, Harvey took its’ toll in residential real estate.  With the one year anniversary – Houston real estate has rebounded and no one would believe August 2018 single-family home sales would experience a 37% increase!

As a result – comparing August’s sales to last August doesn’t render a true picture of market trends.   Year-to-date single family home sales are up 7% which is more indicative of how the market is trending.  Also, pending sales for August experienced a double-digit increase, simply because last year, Houstonians were recovering from the aftermath of Harvey and few contracts were written during  recovery.

Here’s a glance at the trends for the month and year:

*Pending sales are homes that are under contract and have not closed.  Pending sales indicate the future sales trend.

Houston Home Sales by Price Class for 2018

What price ranges have experienced the largest unit increase in sales in Houston  for 2018? The table below reveals the answer.

All home price ranges in the table above are in a strong sellers’ market except $300,000-$399,999 which is in a balanced market leaning toward a sellers’ market.

The Greater Houston Partnership reports that Metropolitan Houston created 101,800 jobs – a 3.4% increase in 12 months ending July 2018.

It’s the strongest 12 month growth pace since February 2015!  Jobs are the #1 driver of real estate sales.

This spells opportunity for anyone wishing to sell their home!  It means higher demand and less competition in the market to sell.  If you’re in the market to sell your home – contact a BHGRE Gary Greene agent today for a free market analysis

The Houston overall market is so large; it rarely reflects the same trends as a submarket area located within its boundaries.  Some areas are exceeding Houston’s overall growth in sales while others are lagging behind.  For a breakdown of activity by area with a map, CLICK HERE.

To see the hottest selling geographical areas for the month in Houston, CLICK HERE.

To search for homes by price range and map, go to www.GaryGreene.com.

Data provided by the Houston Association of Realtors® Information Services™, and The Real Estate Center for Texas A&M and written by Toni Nelson, Director of Strategic Initiatives for Better Homes and Gardens Real Estate Gary Greene

 

Short URL: http://tinyurl.com/y8l89ysx

Top Ten Broker Rankings for July 2018

As we roll through the dog days of Summer, Better homes and Gardens Real Estate Gary Greene remains solidly in First Place! We’re Number One across all major selling and buying categories! Thank you for trusting us to handle one of life’s most important transactions for you- Talk to a Gary Greene agent to day to see how we can help you!

Download a PDF of this chart here.

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Greater Houston Sales Report for June 2018

Every area of Houston real estate is different-  Some areas consistently outperform the Houston overall market, some perform similarly and some don’t perform as well.  Check out your area and see how it compares to the Houston overall market.

For a complete report, click here.

Short URL: http://tinyurl.com/ybs6wch9