Houston Single-Family Home Sale Increase 4% in September

Houston single-family home sales increased 4% in comparison to September 2016 and fortunately, the increase put year-to-date sales in positive territory.  Sales are up 2% for the year. Houston real estate sales are still in uncharted waters as a result of Harvey and the devastating aftermath.  Harvey created a huge increase in single-family rentals which are up 28% in September and 18% year-to-date.  Single-family rentals are generally written for a 6-12 month period so it will be interesting to see  if, in the future, these tenants switch to homeownership or simply return to their former home, now repaired!  Stay tuned and we’ll keep you posted!

*Pending sales are homes that are under contract and indicate buyer demand in the month pended.

Houston Home Sales by Price Cohort for 2017

What price ranges have the largest increase in sales in Houston in September? The following price corhorts experienced the largest increase compared to 2016:

.Based on the entire spectrum of Houston price cohorts, homes priced $399,999 and below are in a sellers’ market.  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 all properties by price range or map, go to CLICK 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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Harvey Hits Houston Single-Family Home Sales

Houston single-family home sales declined 25% in comparison to August 2016 and fortunately, the decline wasn’t enough to put year-to-date sales in negative territory.  Sales are still up a paltry 2% for the year.  Since a large portion of closings occur at the end of the month – when Harvey hit – we have experienced a set-back and only time will tell if it recovers quickly.  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 Cohort for 2017

What price ranges have the largest increase in sales in Houston in August? The following price corhorts experienced the largest increase compared to 2016:

Based on the entire spectrum of Houston price cohorts, homes priced below $300,000 are in a sellers’ market.  Homes priced $300,000-$399,999 are in a balanced market [6 months of inventory] 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.

 

Short URL: http://tinyurl.com/yc7fwqkv

Houston Single-Family Home Sales UP 5%

Houston single-family home sales closed ahead of July 2016 by 8% and the increase in sales brought year-to-date sales up 7%. One might expect a cool-down after a hot first half of the year, however  the Houston MLS recorded a 10% increase in pending sales.  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!


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

Houston Home Sales by Price Class for 2017

What price ranges have the largest increase in sales in Houston in July? The following price classes experienced the largest increase compared to 2016:


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 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

 

 

 

 

 

 

 

Short URL: http://tinyurl.com/yd9bp83q