All Forum Posts by: Jhoana Olarte

Houston Real Estate Highlights in August

• - Single-family home sales rose 3.9 percent year-over-year, with 8,679 units sold – the second biggest one-month sales volume of all time;
• - On a year-to-date basis, single-family home sales are running 3.1 percent ahead of 2018’s record pace;
• - Days on Market (DOM) for single-family homes edged up from 49 to 52 days;
• - Total property sales rose 4.1 percent, with 10,375 units sold – the second greatest one-month total property sales volume ever and only the second time in Houston real estate history that the total has surpassed 10,000.
• - Total dollar volume increased 6.6 percent to $3.1 billion;
• - The single-family home median price rose 4.5 percent to $249,000, achieving an August high;
• - The single-family home average price was up 3.4 percent to $312,727 – also a record high for an August;
• - Single-family homes months of inventory reached a 4.2-months supply, up from 4.0 months last August and just slightly below the 4.3-months supply maintained in June and July. For comparison, the national housing inventory is also at a 4.2-months supply, according to NAR;
• - Townhome/condominium sales fell 2.9 percent year-over-year, with 641 units sold. The average price was flat at $209,075 and the median price rose 3.9 percent to $172,500;
• - Single-family home rentals increased 7.6 percent with the average rent unchanged at $1,914;
• Volume of townhome/condominium leases climbed 6.3 percent with the average rent also unchanged at $1,645.

Houston Real Estate Highlights in July

• Single-family home sales jumped 11.6 percent year-over-year, with 8,953 units sold – the greatest one-month sales volume of all time;
• On a year-to-date basis, single-family home sales are running 3.0 percent ahead of 2018’s record pace;
• Days on Market (DOM) for single-family homes edged up from 48 to 50 days;
• Total property sales rose 10.9 percent, with 10,478 units sold – the greatest one-month total property sales volume ever and only the second time in Houston real estate history that the total has surpassed 10,000.
• Total dollar volume increased 12.8 percent to $3.1 billion;
• The single-family home median price rose 2.2 percent to $250,000, achieving a July high;
• The single-family home average price was up 2.2 percent to $312,727 – also a record high for a July;
• Single-family homes months of inventory reached a 4.3-months supply, up from 4.1 months last July and just slightly below the 4.4-months supply reached in June. For comparison, the national housing inventory is at a 4.4-months supply, according to NAR;
• Townhome/condominium sales rebounded from two consecutive down months, with 697 units sold, tying a record set in June 2018. The average price slid 5.9 percent to $202,853 and the median price fell 1.8 percent to $163,000;
• Single-family home rentals shot up 16.3 percent with the average rent unchanged at $1,903;
• Volume of townhome/condominium leases climbed 13.0 percent with the average rent also unchanged at $1,653.

Houston Real Estate Highlights in June

• Single-family home sales fell shy of last June’s record-setting levels, declining 3.4 percent year-over-year, with 8,097 units sold, marking the first down sales month of 2019;
• On a year-to-date basis, single-family home sales are 1.4 percent ahead of 2018’s record pace;
• Days on Market (DOM) for single-family homes went from 48 to 49 days;
• Total property sales fell 5.1 percent, with 9,461 units sold;
• Total dollar volume slid 3.1 percent to slightly more than $2.9 billion;
• The single-family home median price rose 2.9 percent to $252,000, achieving an all-time high;
• The single-family home average price was up 2.0 percent to $321,973 – a record high for a June;
• Single-family homes months of inventory reached a 4.4-months supply, up from 4.1 months last June and the most plentiful level since before Hurricane Harvey tore through the region in August 2017. For comparison, the national inventory is at a 4.3-months supply, according to NAR;
• Townhome/condominium sales fell 16.2 percent with 584 units sold. The average price was up 6.7 percent to $224,812 and the median price rose 8.7 percent to $177,250;
• Single-family home rentals increased 3.0 percent with the average rent up 2.2 percent to $1,922;
• Volume of townhome/condominium leases rose 3.2 percent with the average rent down 3.2 percent to $1,606.

• Single-family home sales rose 7.8 percent year-over-year, with 7,586 units sold, marking the third consecutive month of positive sales and the biggest volume increase of 2019;
• On a year-to-date basis, single-family home sales are 2.2 percent ahead of 2018’s record pace;
• Days on Market (DOM) for single-family homes edged up from 56 to 57 days;
• Total property sales increased 7.8 percent, with 9,063 units sold;
• Total dollar volume jumped 9.6 percent to about $2.7 billion;
• The single-family home median price rose 2.1 percent to $245,000, achieving an April high;
• The single-family home average price was up 1.9 percent to an April high of $310,676 – the second highest average of all time;
• Single-family homes months of inventory reached a 4.0-months supply, up from 3.5 months last April and the most plentiful level since September 2018. For comparison, the national inventory is at a 3.9-months supply, according to NAR;
• Townhome/condominium sales ended seven months of declines with a flat sales volume of 595 units, the average price down 8.4 percent to $203,751 and the median price down 9.0 percent to $163,000;
• Single-family home rentals surged 12.7 percent with the average rent up less than one percent to at $1,795;
• Volume of townhome/condominium leases declined 4.4 percent with the average rent up less than one percent to $1,586.

Houston Real Estate Highlights in March

• Single-family home sales rose 4.9 percent year-over-year, with 7,072 units sold, marking the second consecutive month of positive sales;
• Days on Market (DOM) for single-family homes remained unchanged at 64;
• Total property sales increased 3.6 percent, with 8,475 units sold;
• Total dollar volume jumped 5.7 percent to $2.4 billion;
• The single-family home median price rose 2.1 percent to $240,000, achieving a March high;
• The single-family home average price was up 2.0 percent to a March high of $298,766;
• Single-family homes months of inventory was at a 3.9-months supply, up from 3.3 months last March and at its most plentiful level since October 2018. For comparison, the national inventory is at a 3.5-months supply, according to NAR;
• Townhome/condominium sales fell for a seventh straight month – down 9.2 percent, with the average price flat at $211,241 and the median price up 2.8 percent to $174,750;
• Lease properties staged another strong performance as single-family home rentals shot up 18.4 percent with the average rent unchanged at $1,746;
• Volume of townhome/condominium leases surged 16.7 percent with the average rent up 2.0 percent to $1,530.

https://www.har.com/content/newsroom?pid=1612

Houston Real Estate Highlights in February

• Single-family home sales were statistically flat year-over-year, with 5,280 units sold, ending three consecutive months of declining sales;
• Days on Market (DOM) for single-family homes increased slightly from 66 to 68 days;
• Total property sales were also statistically flat, with 6,388 units sold;
• Total dollar volume rose 3.1 percent to $1.76 billion;
• The single-family home median price climbed 2.9 percent to $232,900, reaching a February high;
• The single-family home average price increased 1.9 percent to a February high of $286,156;
• Single-family homes months of inventory was at a 3.7-months supply, up from 3.1 months last February, but slightly below the national inventory level of 3.9 months;
• Townhome/condominium sales fell for a sixth straight month – down 7.6 percent, with the average price down 11.9 percent to $186,859 and the median price down 11.8 percent to $150,000;
• Lease properties staged a strong performance, as single-family home rentals leapt 26.5 percent with the average rent up 0.8 percent to $1,733;
• Volume of townhome/condominium leases surged 27.1 percent with the average rent up 1.9 percent to $1,548

https://www.har.com/content/newsroom?pid=1602

Houston Real Estate Highlights for December and Full-Year 2018

• Despite uncertainties amid Houston’s ongoing recovery from Hurricane Harvey, 2018 proved to be a record year for Houston home sales with 82,177 single-family homes sold versus 79,143 in 2017, the last record-setting year. That represents an increase of 3.8 percent
• Total dollar volume for full-year 2018 soared 21.5 percent to $28 billion;
• December single-family home sales declined 4.1 percent year-over-year with 6,543 units sold;
• Total December property sales fell 4.6 percent to 7,709 units;
• Total dollar volume for December edged up 1.0 percent to $2.3 billion;
• At $240,000, the single-family home median price rose 3.4 percent to a December high;
• The single-family home average price climbed 4.7 percent to a December high of $306,314;
• Single-family homes months of inventory grew slightly to a 3.5-months supply;
• Townhome/condominium sales fell 7.8 percent, with the average price up 4.6 percent to $206,760 and the median price up 8.1 percent to $169,500;
• Leases of single-family homes shot up 13.2 percent with average rent unchanged at $1,771;
• Leases of townhomes/condominiums edged up 1.6 percent with average also unchanged at $1,532.

https://www.har.com/content/newsroom?pid=1585

@Brian KalinowskiThe listing agent gets 50% and the agent that finds the tenant gets the other 50%

What agent's do:

- Provide CMA (Comparable Market Analysis) to determine your rent rate

- Place the for-rent yard sign

- Post your home on MLS and on 600 other websites including (HAR, Zillow, Trulia, Redfin, etc..) – Using Listing syndication to make your property as visible as possible

- Place a lockbox for realtor access

- Professional photography

- CSS (Centralized showing service) - 24 hours call service to schedule appointments to ensure all showing requests are responded to

- Post your home in different social media outlets (Facebook, Instagram, Linkedin, Pinterest)

- Prepare the Lease, collect the deposit and first month's rent

- Screening all the applicants (Credit Check, Criminal History and rental history)

- Income, employment, and rental verification.

David, @Jerry Ta with Propertycare, they manage properties all over Houston, Investor friendly!

@Jerry Ta with Propertycare, Investor friendly Management Company!