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.

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.

 

 

 

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.

Top Ten Broker Rankings – Mid Year 2018

The first half of 2018 is over, and once again Better homes and Gardens Real Estate Gary Greene is solidly in First Place 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 pic of this chart here.


 

May experiences a 1% increase in home sales

May sales hovered only 1% above 2017 – yet a more stellar metric is contracts written. 12% more contracts written [a.k.a. pending sales*]  were reported in May than occurred last May.  This indicates that sales will continue to be healthy at least through June.

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

As the table above depicts, listings are up 2% for May in comparison to last May, however, listings are down 2% 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 highest demand prices ranges can be viewed below.

Top Selling Home Sales by Price Class for 2018 YTD

  1. $150,000-$199,999 – 6,799 sales YTD – 1.7 Months of Inventory
  2. $200,000-$249,999  – 5,784 sales YTD –  3
  3. $300,000-$399,999  – 5,004 sales YTD –  5.7
  4. $250,000 – $299,999 – 4,154 sales YTD – 4.5
  5. $100,000 – $149,999 – 3,217 sales YTD –1.4

All of the above price classes, except $300,00-$399,999, are in a strong sellers’ market [they’re hot] having  4.5 months or less inventory.  The $300,000-$399,999 price range is still in a sellers’ market with 5.7 months of inventory. As you can see, the highest demand price classes above are in very short supply – and further pressure [higher demand and fewer listings] can cause serious home price appreciation in the affected categories.

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

 

Hotness Index for May 2018

What were the hottest selling areas for single-family home sales in the Houston MLS in May? Take a look at the Hotness Index below to see where your neighborhood ranks!

Download a copy of this graph here.