Houston Rental & OFF Market Listings HIGH increase! Market Update!

[Regina Dupree]

Here is your Houston Housing & Rental Market Update! According to HAR

Single-family home rentals jumped 13.8 percent year-over-year, with the average lease price up 3.5 percent to $2,112.

New listings of single-family rentals surged 28.2% increase year over year. 

Townhomes and condos The average lease price rose 2.6 percent to $1,788. New listings increased 21.0 percent. 

Sellers withdrew more property listings from the MLS during the week ending January 16 than during the same week last year.

Off-market list-ings are running 51.0 percent ahead of last year with a total of 1,113 homes going from active to off-market versus 737 last year.