Houston Single-Family Homes Sales Up YTD by 5%

Houston single-family home sales closed out November YTD with 5% more home sales than found last year.  Sales in the month of November were down 2%, however all other monthly metrics were in positive territory. Pending sales [homes under contract but not yet closed] were up 6% which is a sign that real estate sales may top the 2017 record even if ever so slightly.  It is interesting to note that listings have increased by 13% so inventory is more plentiful and buyers have more to choose from than this time last year.

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

What price ranges have the largest increase in sales in Houston in comparison to last year? The following price cohorts experienced the largest increase compared to 2017:It should be noted that the price range [$150,000-$199,999] has the most number of sales of any price cohort. This very popular selling price range is only up by 1% from last year however there were 16,359 homes sold in that price range and it has the strongest demand – showing 2 months of inventory. Based on the entire spectrum of Houston price cohorts in the table above, homes priced $399,999 and below are in a sellers’ market.  Homes priced $400,000 and above are in a buyers’ market. You can see the difference in time on the market under “Months of Inventory”.  Months of Inventory is a metric indicating [at the current rate of sale and with no new homes coming on the market] – how long it would take a home to sell in a specific price range.  Generally, 6 months is a balanced market [neither buyer or seller has an advantage], a sellers’ market is below 6 months and a buyers’ market is above 6 months.

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 area, 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



Better Homes and Gardens Real Estate Gary Greene Completes Merger of Brokerage Blake Wilcox Properties, LLC

HOUSTON, November 7, 2018 /PRNewswire/ – Better Homes and Gardens® Real Estate Gary Greene (“Gary Greene”), Houston’s longest-standing real estate firm, today announced the merger with Blake Wilcox Properties, LLC (“Blake Wilcox”), a 28 agent brokerage serving the North Houston and Montgomery County markets.

From left are MarkWoodroof and Marilyn Eiland, of BHGRE Gary Greene; Emily Wilcox and Blake Wilcox, of Blake Wilcox Properties LLC. Both companies announced the merger.

“We are delighted to welcome Blake and Emily Wilcox and their team to Gary Greene,” said Mark Woodroof, managing partner of Gary Greene. “Blake and Emily are so well respected and their agents are talented and knowledgeable about the local market. Agents from Blake Wilcox will join Gary Greene’s Magnolia office located in Montgomery County.” Blake and Emily Wilcox will continue to work together as The Blake Wilcox Group under Gary Greene. The Wilcoxes are eager to begin the next phase of their real estate careers. “Our team is in great hands with Gary Greene as their philosophy is similar to our own,” they explained. “As for us, we look forward to becoming an integral part of the brokerage.”

Gary Greene is currently home to approximately 1,100 agents working from 21 offices. “We are excited about the future,” said Marilyn Eiland, co-managing partner of Gary Greene. “Our team of real estate agents are passionate about the business and their primary mission is to help individuals achieve homeownership.”

About Better Homes and Gardens Real Estate Gary Greene
Better Homes and Gardens Real Estate Gary Greene has represented buyers and sellers of residential properties since 1963. Today, with 21 offices, and over 1,100 agents covering 10 counties across the Houston metropolitan area, Gary Greene lists and sells more homes and generates higher sales volumes than any other Houston broker. To learn more about the company visit www.GaryGreene.com.

The company also specializes in the relocation of buyers and sellers nationally and internationally as a principal broker in the Cartus Network, the industry leader in global mobility. Gary Greene offers the convenience of an in-house residential mortgage loan originator, insurance and title services, preferred electricity rates with Reliant Energy and home warranty protection plans.

For More Information Contact:
Better Homes and Garden Real Estate Gary Greene
Shari L. Mattern, Director of Marketing and Communications
Tel: 1.832.295.4172
Email: shari.mattern@garygreene.com