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

 

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Top Ten Company Ranking Report for August 2018

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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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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Houston Single-Family Home Sales UP 9%

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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