All Forum Posts by: Sharon Tzib

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Houston Real Estate Highlights in November

• Single-family home sales rose 3.6 percent year-over-year, with 6,395 units sold;
• On a year-to-date basis, single-family home sales are running 4.1 percent ahead of 2018’s record pace;
• Days on Market (DOM) for single-family homes went from 60 to 59 days;
• Total property sales increased 2.1 percent, with 7,577 units sold;
• Total dollar volume rose 3.4 percent to $2.2 billion;
• The single-family home median price increased 2.5 percent to $240,900, achieving a November high;
• The single-family home average price ticked up 1.1 percent to $297,831 – also a record high for a November;
• Single-family homes months of inventory was flat for the first time in 2019, holding steady at a 3.8 months supply. For comparison, the national housing inventory is at a 3.9-months supply, according to NAR;
• Townhome/condominium sales fell 5.1 percent year-over-year, with 467 units sold. The average price increased 3.4 percent to $218,440 while the median price rose 2.5 percent to $168,625;
• Single-family home leases fell 1.3 percent with the average rent up 2.6 percent to $1,775;
• Volume of townhome/condominium leases dropped 8.7 percent with the average rent unchanged at $1,500.

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Houston Real Estate Highlights in October

• 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.

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Houston Real Estate Highlights in September

• 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;

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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.

https://www.har.com/content/newsroom?pid=1632

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.

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Houston Real Estate Highlights in May

• Single-family home sales rose 2.8 percent year-over-year, with 8,346 units sold, marking the fourth consecutive month of positive sales;
• On a year-to-date basis, single-family home sales are 2.7 percent ahead of 2018’s record pace;
• Days on Market (DOM) for single-family homes was flat at 53 days;
• Total property sales increased 3.1 percent, with 9,948 units sold;
• Total dollar volume jumped 7.8 percent to slightly more than $3 billion;
• The single-family home median price rose 2.4 percent to $249,993, achieving an all-time high;
• The single-family home average price was up 5.8 percent to $323,023 – also a record high;
• Single-family homes months of inventory reached a 4.2-months supply, up from 3.9 months last May and the most plentiful level since August 2017. For comparison, the national inventory is also at a 4.2-months supply, according to NAR;
• After a fractional sales gain in April, townhome/condominium sales fell 2.6 percent with 648 units sold. The average price was down 2.3 percent to $209,497 and the median price fell a fractional 0.6 percent to $169,000;
• Single-family home rentals rose 11.1 percent with the average rent up 1.6 percent to $1,874;
• Volume of townhome/condominium leases surged 19.3 percent with the average rent up 5.6 percent to $1,666.

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Houston Real Estate Highlights in April:

• 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.

Low interest rates and a robust Houston job market led to a record breaking March!

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

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.

Hey @Michael Ealy! The above $200K market is more normalized, and with interest rates at the same level as this time last year, good time for owner occupants to be buying, and I have many doing just that.

The under $200K market is smoking hot right now, where most of my buy and hold investors operate, so not great for them.  

As long as flippers get thorough and accurate comps, it's still a good market for them. I have four flip listings coming on the market soon and those owners will make a tidy profit :) Thanks for replying! 

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