Better Homes and Gardens Real Estate Gary Greene Announces Rebuild Day in Independence Heights Partnering with Rebuilding Together Houston

Broker Ranking Report for The Year 2016

With a new year, we’ve got a lot to celebrate! Better Homes and Gardens Real Estate Gary Greene is the #1 Brokerage in Houston again! We want to thank the thousands of home buyers and sellers who trusted us with one of the most important purchases in their lives. We look forward to helping you in 2017 and hope you’ll give us a chance to show you why we’re number one!

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BrokerRankingsYTDinMLS_DEC2016-blog

Broker Ranking Report for November 2016

As the year draws to a close, we can’t help but be appreciative of all the home buyers and sellers who have trusted Better Homes and Gardens Real Estate Gary Greene with one of the most important transactions in their lives! Thank you for keeping us Number One in all the top categories for Houston area Real Estate!

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BrokerRankingsYTDinMLS_NOV2016

 

Mid-Year Homes Sales Up 3%

It was a flat month for June single-family real estate sales in Houston.  However, sales through June 30 revealed a 3% increase year-to-date.  Buyer demand is greatest in the $399,999 price range and below and homes above that price range have swung sharply into the buyers’ pendulum.  One of the brightest metrics in the entire Houston MLS Summary is that pending sales in June are up 9% from last year.  This indicates that we will continue to see growth in home sales as we move through the summer months. The chart below displays more credence to the fact that we’re in a real estate market which is healthy in the price ranges below $400,000 and not so healthy in the upper range.

Here’s a peek at the most important stats for June and YTD:


In the chart above, all negative % changes relate to a market where buyer demand has moved from high-end to mid-tier to lower tier prices. Even though more homes have closed year-to-date than last year, average sales price has declined.

Houston Home Sales by Price Class for 2016

What price ranges had the most amount of increased sales in Houston June YTD? The following price classes experienced the largest increase in sales over 2015:

Months of Inventory

$200,000 – $249,999 –up 21%                                              2.8
$250,000 – $299,999 – up 12%                                              4.4
$150,000 – $199,999 – up   8%                                              1.7
$300,000 – $399,999 – up   8%                                              5.4
$400,000 – $499,999 – up   1%                                              7.0

Houston has returned to its’ normal market demand by price of $150,000-$399,999 and most likely these price ranges will remain the most in demand throughout 2016.

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