Houston single-family home sales experienced a 14% increase in home sales in December in comparison to 2018. The home sale surge in the last month of the year contributed to closing out 2019 with a 5% increase ahead of 2018. Houston real estate sales are expected to continue on the same pace in 2020 that was experienced in 2019.
What price ranges did the most homes sell in the Houston area last year?
As you can see, in the above table, the sweet spot for sales in Houston in 2019 was between the price ranges of $150,000 – $399,999. Number of sales declines dramatically when the price goes to $400,000 and above. This trend is expected to continue in 2020.
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