About garygreene

Toni Nelson is the Director of Strategic Initiatives for Better Homes and Gardens Real Estate Gary Greene, Houston's largest and most productive real estate sales force in Houston, Tx. Toni began her real estate career in 1983, has served on the Board of Directors for the National Association of Realtors, Texas Association of Realtors and the Houston Association of Realtors. She specializes in marketing, trains agents, writes blogs and stays involved in the ongoing evolution of the real estate industry.

Houston Real Estate Market Surges in July

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Single family home sales rose 12% in July with 8,953 homes sales recorded.  August looks even more promising due to a 19% rise in pending sales.  As a comparison, June experienced a 13% increase in pending sales last month fueling a 12% increase in closed sales this month.  The table below is a synopsis of overall market activity for the month and year-to-date. Even though listings are up by 9% for the month, this is a better scenario than last month when they were up 12%.  If sales continue to rise, which helps to absorb more inventory – home prices are less likely to decline.

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.

T op Selling Home Sales by Price Class for 2019 YTD

  1. $200,000-$249,999 – 10,019 sales YTD – 3.5 Months of Inventory
  2. $150,000-$199,999  –   9,925 sales YTD –  2.1
  3. $300,000-$399,999  –   8,169 sales YTD –  5.7
  4. $250,000-$299,999  –   7,118 sales YTD – 4.7
  5. $100,000-$149,999  –   3,775sales YTD –  2.2

Based on the above top selling price classes, homes priced below $399,999 are in sellers’ markets, and homes above that price 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, follow this link.

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

 

 

Houston gets hot in June – Real Estate Market Simmers

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Single family home sales declined 3% in June with 8,097 homes sales recorded.  Despite the decline for the month, year-to-date sales are still in positive territory. The market is up 1%.  Homes that went under contract and are pending to close rose 13% in June which indicates that July could be a healthy closing month.  The table below indicates what to expect in the next half of the year.  More inventory chasing flat sales will continue to put a damper on home price appreciation in most price classes and increase days on the market in most price classes.

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.

T op Selling Home Sales by Price Class for 2019 YTD

  1. $150,000-$199,999 – 8,236 sales YTD – 2.0 Months of Inventory
  2. $200,000-$249,999  – 8,196 sales YTD –  3.4
  3. $300,000-$399,999  – 6,608 sales YTD –  5.8
  4. $250,000-$299,999  – 5,793 sales YTD – 4.9
  5. $400,000-$499,999  – 2,966 sales YTD – 6.9

Based on the above top selling price classes, homes priced below $399,999 are in sellers’ markets, homes above that price 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.

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

 

 

 

 

May experiences 3% increase in home sales.

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May single-family [new and existing] home sales as reported by HAR-MLS experienced a 3% increase in sales and 3% YTD.  It seems like the summer sales engines are gearing up for a more impressive June because pending sales for May closed with an 11% increase. This indicates that sales will continue to be healthy at least through June.

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.

As the table depicts, listings are up 11% for May in comparison to last May, so there is a plentiful supply of inventory heading into the summer market.  Due to this increase in supply, the average sales price will rise at a much slower pace than has been seen in years past.  The highest demand prices ranges can be viewed below.

Highest % Increase of Top Selling Home Sales by Price Class for 2019 YTD

As you can see, although these homes sales by price class have experienced the largest increase in sales from 2018, they vary tremendously in terms of months of inventory.  The lower the price class, the less time it takes to sell and the higher the price class, the longer it takes to sell.  The $400,000-$499,999 is the median price class where homes below that price class are in a sellers’ market and homes above that price class 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.

 

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