All Forum Posts by: Jhoana Olarte

Michael - I believe most of us had thought COVID would have a negative impact on house sales and in some ways it did, just not the way we thought. We initially had thought there would be fewer buyers on the market which would result in pressure on prices, however, there´s also been a significant decrease in the supply of homes available for sale, which has stabilized prices. 

• Single-family home sales fell 19.1 percent year-over-year, with 6,199 units sold, ending nine consecutive months of positive sales;
• The Days on Market (DOM) figure for single-family homes was unchanged at 58 days;
• Total property sales dropped 21.6 percent, with 7,192 units sold;
• Total dollar volume dove 20.4 percent to $2.14 billion;
• The single-family home median price rose 2.4 percent to $251,000, reaching an April high;
• The single-family home average price was flat at $310,331;
• Single-family homes months of inventory was at a 3.6-months supply, down from 3.9 months last April but above the national inventory level of 3.4 months;
• Townhome/condominium sales plunged 37.5 percent, with the average price up 11.9 percent to $227,577 and the median price up 12.2 percent to $181,750;
• Lease properties staged a negative performance, as single-family home rentals fell 4.1 percent with the average rent down 1.7 percent to $1,765; Volume of townhome/condominium leases fell 9.5 percent with the average rent down 1.2 percent to $1,565.

Source - HAR

@Jerry Ta  I always refer all my clients to Propertycare! www.propertycarehouston.com

• Single-family home sales rose 8.2 percent year-over-year, with 7,566 units sold, marking the ninth consecutive month of positive sales;
• The Days on Market (DOM) figure for single-family homes was unchanged at 65 days;
• Total property sales rose 6.9 percent, with 8,965 units sold;
• Total dollar volume jumped 11.0 percent to more than $2.6 billion;
• The single-family home median price rose 4.1 percent to $249,900, reaching a March high;
• The single-family home average price climbed 3.8 percent to a March high of $309,785;
• Single-family homes months of inventory was at a 3.5-months supply, down from 3.8 months last March but above the national inventory level of 3.1 months;
• Townhome/condominium sales declined 0.5 percent, with the average price up 6.0 percent to $224,038 and the median price up 4.6 percent to $183,000;
• Lease properties experienced a mixed performance, as single-family home rentals increased 1.2 percent with the average rent up 2.4 percent to $1,788;
• Volume of townhome/condominium leases fell 9.7 percent with the average rent up 4.2 percent to $1,604.

• Single-family home sales jumped 13.2 percent year-over-year, with 6,044 units sold, marking the eighth consecutive month of positive sales;
• The Days on Market (DOM) figure for single-family homes was unchanged at 68 days;
• Total property sales surged 14.9 percent, with 7,393 units sold;
• Total dollar volume increased 19.4 percent to about $2.1 billion;
• The single-family home median price rose 5.2 percent to $245,000, reaching a February high;
• The single-family home average price climbed 5.9 percent to a February high of $301,648;
• Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last February but above the national inventory level of 3.1 months;
• Townhome/condominium sales rose for a third straight month – up 12.8 percent, with the average price up 14.5 percent to $216,170 and the median price up 16.5 percent to $176,500;
• Lease properties experienced a mixed performance, as single-family home rentals increased 5.8 percent with the average rent up 1.8 percent to $1,768;
• Volume of townhome/condominium leases fell 2.2 percent with the average rent up 3.5 percent to $1,607.

• Single-family home sales jumped 14.3 percent year-over-year, with 4,699 units sold, marking the seventh consecutive month of positive sales;
• Days on Market (DOM) for single-family homes extended slightly from 66 to 68 days;
• Total property sales surged 15.2 percent, with 5,800 units sold;
• Total dollar volume rose 17.1 percent to about $1.6 billion;
• The single-family home median price increased 4.5 percent to $234,000, reaching a January high;
• The single-family home average price climbed 4.6 percent to a January high of $291,034;
• Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last January but above the national inventory level of 3.0 months;
• Townhome/condominium sales jumped for a second straight month – up 20.9 percent, with the average price down 3.5 percent to $186,582 and the median price down 5.2 percent to $149,750;
• Lease properties experienced a strong performance, as single-family home rentals climbed 14.5 percent with the average rent up 1.7 percent to $1,782;
• Volume of townhome/condominium leases rose 5.6 percent with the average rent up 5.9 percent to $1,598.

• Single-family home sales rose 8.1 percent year-over-year, with 7,231 units sold;
• On a year-to-date basis, single-family home sales are 4.2 percent ahead of 2018’s record pace;
• Days on Market (DOM) for single-family homes edged up from 58 to 59 days;
• Total property sales increased 6.2 percent, with 8,579 units sold;
• Total dollar volume jumped 7.9 percent to $2.4 billion;
• The single-family home median price rose 2.1 percent to $239,900, achieving an October high;
• The single-family home average price was up 1.3 percent to $298,354 – also a record high for an October;
• Single-family homes months of inventory hit a 4.0-months supply, up from 3.9 months last October and slightly below the 4.3-months supply peak achieved in June and July. For comparison, the national housing inventory is at a 4.1-months supply, according to NAR;
• Townhome/condominium sales fell 3.2 percent year-over-year, with 510 units sold. The average price declined 5.2 percent to $199,045 while the median price rose 6.8 percent to $164,500;
• Single-family home leases increased 2.4 percent with the average rent up 2.3 percent to $1,795;
• Volume of townhome/condominium leases dropped 15.2 percent with the average rent unchanged at $1,543.

@Jeffrey D.

Lease properties staged another strong month in September. Single-family home leases jumped 6.9 percent while leases of townhomes and condominiums rose 1.7 percent. The average rent for single-family homes was up 1.5 percent at $1,838 while the average rent for townhomes and condominiums was unchanged at $1,589.

• Single-family home sales jumped 9.5 percent year-over-year, with 7,035 units sold – the second biggest one-month sales volume of 2019;
• On a year-to-date basis, single-family home sales are running 3.8 percent ahead of 2018’s record pace;
• Days on Market (DOM) for single-family homes edged up from 53 to 55 days;
• Total property sales increased 9.5 percent, with 8,430 units sold;
• Total dollar volume shot up 10.8 percent to $2.4 billion;
• The single-family home median price rose 4.7 percent to $244,000, achieving a September high;
• The single-family home average price was up 1.5 percent to $298,947 – also a record high for a September;
• Single-family homes months of inventory reached a 4.1-months supply, up from 4.0 months last September and slightly below the 4.3-months supply maintained in June and July. For comparison, the national housing inventory is also at a 4.1-months supply, according to NAR;
• Townhome/condominium sales rose 8.2 percent year-over-year, with 538 units sold. The average price rose 3.5 percent to $200,728 while the median price rose 6.3 percent to $170,000;
• Single-family home leases increased 6.9 percent with the average rent up 1.5 percent to $1,838;

The numbers are related to the Greater Houston area, so not limited to just Houston City limits. It appears that there is an increase in inventory, which has resulted in record sales, but also increasing DOM. Houston is very neighborhood specific with areas where good schools etc, being a different type of market than other areas in or around Houston.