Houston real estate

Houston Real Estate Highlights in March

  • Single-family home sales fell 2.5 percent year-over-year, with 6,810 units sold;
  • Days on Market (DOM) for single-family homes increased slightly from 61 days in March 2017 to 63 days this March;
  • Total property sales declined 2.3 percent with 8,274 units sold;
  • Total dollar volume edged up 0.7 percent to $2.3 billion;
  • The single-family home median price rose 2.4 percent to $233,500, which represents a March high;
  • The single-family home average price climbed 3.0 percent to a March high of $292,756;
  • Single-family homes months of inventory shrank year-over-year from a 3.6-months supply to 3.4 months, the highest level of this year and the same as the national inventory level;
  • Townhome/condominium sales fell 5.4 percent, with the average price up 3.3 percent to $211,944 and the median price up 9.6 percent to $172,250;
  • Leases of single-family homes fell 9.0 percent with the average rent up 6.0 percent to $1,748;
  • Volume of townhome/condominium leases dropped 13.1 percent with average rent up 0.7 percent to $1,496.

Houston single family home march 2018 report

Single-family home sales rose in February, with 5,260 units sold throughout greater Houston. That is up 5.3 percent from a year earlier when sales volume totaled 4,997. After three consecutive months of declining sales volume, the luxury market – defined as homes priced from $750,000 and up – was flat in February.

The median price reached the highest level ever for a February in Houston, increasing 1.4 percent to $226,200. The average price rose a fractional 0.4 percent, which was sufficient to achieve a February record of $281,945.

Days on Market (DOM), or the number of days it took the average home to sell, decreased slightly from 67 to 65 days. Inventory fell from a 3.4-months supply to a 3.2-months supply year-over-year, its lowest level since December 2017.

Broken out by housing segment, February sales performed as follows:

  • $1 - $99,999: decreased 2.8 percent
  • $100,000 - $149,999: decreased 11.8 percent
  • $150,000 - $249,999: increased 10.9 percent
  • $250,000 - $499,999: increased 10.2 percent
  • $500,000 - $749,999: increased 18.8 percent
  • $750,000 and above: unchanged

Houston single family homes and housing market

February Monthly Market Comparison

Most of Houston’s monthly housing market indicators reflected positivity in February, with single-family home sales, total property sales, average and median pricing and total dollar volume all up compared to February 2017. Month-end pending sales for single-family homes totaled 6,912, up 11.1 percent versus last year. Total active listings, or the total number of available properties, however, declined 2.2 percent to 33,939.

Single-family homes inventory shrank to a 3.2-months supply from 3.4 months a year earlier. For perspective, housing inventory across the U.S. currently stands at a 3.4-months supply, according to the latest report from the National Association of Realtors (NAR).

CATEGORIESFEBRUARY 2017FEBRUARY 2018CHANGE

Total property sales6,1816,3753.1%

Total dollar volume$1,639,814,909$1,713,566,9034.5%

Total active listings34,70733,939-2.2%

Single-family home sales4,9975,2605.3%

Single-family average sales price$280,813$281,9450.4%

Single-family median sales price$223,000$226,2001.4%

Single-family months inventory*3.43.2-0.2 months

Single-family pending sales6,2206,91211.1%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.

Houston lease property update

HOUSTON  (March 14, 2018) — Houston home sales enjoyed their second positive month of the new year, and after three months of declines, stability returned to the luxury market. However, the overall supply of homes across greater Houston shrank slightly in February, narrowing options for house hunters heading into the traditionally active spring home-buying season.

According to the latest monthly report from the Houston Association of Realtors (HAR), sales of single-family homes rose 5.3 percent in February, with 5,260 units sold. Homes priced between $500,000 and $750,000 experienced the strongest sales activity.

The single-family home median price (the figure at which half of the homes sold for more and half sold for less) increased 1.4 percent to $226,200 – the highest median ever for a February. The average price eked out a fractional 0.4 percent gain to reach a February high of $281,945.

"February was a positive month overall for Houston real estate, but we really need growth in inventory to ensure that there is a plentiful supply of homes as we enter the spring buying season," said HAR Chair Kenya Burrell-VanWormer with JP Morgan Chase.

February sales of all property types in Houston totaled 6,375, an increase of 3.1 percent versus the same month last year. Total dollar volume grew 4.5 percent to $1.7 billion.

 

Lease Property Update

Rental properties drew less interest in February than a year earlier. Single-family home leases and townhome/condominium leases each fell 11.5 percent. The average rent for single-family homes was up 4.1 percent to $1,720 while the average rent for townhomes and condominiums rose 2.2 percent to $1,515.

Winter Olympic and Houstonians

From Texas Standard.

The 2018 Winter Olympics will feature many athletes from the Lone Star State. Most will compete for the U.S., but a few represent other countries, to which they have ties. And their chances of success are as varied as the sports in which they will compete.

“The U.S. team is one of the stronger ones in the world,” Barron says. “But, Jonathan qualified as the second skater in the 500 meters, but not in the 1,000 meters. The International Olympic Committee cut back on the number of spaces available this year to add another speed skating event. It’s typical of what the IOC does to increase participation from other countries. They’ll try to adjust the number of athletes to keep the participation level constant, which works against countries like the U.S.”

Houstonian, Sam McGuffie may be more well-known as a football player, but he is now part of the U.S. Olympic bobsled team.

“This happens a lot to former football players,” Barron says. “We have two former Texans who have medaled in bobsled.”

One of them is Justin Olsen from San Antonio. His participation is uncertain due to an emergency appendectomy. The team is hopeful he will be able to compete. Former Olympic team member Todd Hays from Del Rio was among the group that broke a 46-year long medal drought for the U.S. bobsled team at the 2002 Winter Olympics, and he’s back this year.

“Bobsled is not unlike playing football,” Barron says. “In bosled the start is key. In football the key is for the running back to hit the hole and find your way down field. For bobsled all four athletes have to hit a thousand-pound sled at the same time and get it moving and then jump inside. There’s also the equivalent of explosiveness.”

Olympic ice dancer Kaitlyn Weaver has had a circuitous path to the Olympics. There are many more female skaters than male skaters, so women are forced to relocate to find available partners.

“She was skating with a young man in Dallas and was able to make it up to the novice ranks in the United States,” Barron says. “Then her partner quit to go to college, which led her to Canada to find another partner.”

The former Houstonian is now competing as part of the Canadian Olympic team and has had some success on the international scene. Barron says that she hopes to replicate past success in the coming weeks.

A former University of Houston student is competing on Nigeria’s women’s bobsled team. The combination of Nigeria, Texas, and bobsledding may be a bit of a headscrather, but it’s part of the International Olympic Committee’s effort to grow sports in regions where they may not already have a following.

As far as other athletes with Texas ties Barron says we should still keep an eye out.

“You never know, it’s a big state,” he says. “People may slip through the cracks.”

Written by Jeremy Steen.

buy bitcoin? we can help. Houston and Bitcoin

MONTGOMERY, Texas - Tree-lined streets with rose bushes in the yards and squirrels on the lawn is the all-American-type of town Kingwood soccer mom Kym Morgan lives in.

She has three children, and her regular job is at MD Anderson, but a select few also know her as "Lady Bitcoin."

More Headlines

"I know on Twitter I changed my handle to lady*bitcoin since, you know, I'm trying to increase my presence as a lady, you know, more sophisticated!" Morgan said.

The stereotype is much different. It's a techie mining for Bitcoin in mom's basement. But that's not the reality.

READ: How is bitcoin affecting the environment?

Everyday folks like Morgan are on the cutting edge of the cryptocurrency.

"I've paid my bills with it. I've used it to buy groceries," Morgan said when asked what she's used Bitcoin for aside from taking a trip.

Bitcoin is the financial buzzword right now.

How to Get Started: https://www.bitcoin.com/getting-started

"It's another way to buy goods and services, so you can use it as a currency," Morgan said.

When Morgan joined a Bitcoin meetup group in Houston in 2014, it was just a few people hanging out. Now at her meetup, and others like it across the country, it's standing room only.

"Fifty, 100 -- I've seen 200 people at the meetup before," she said. "I mean, it's grown exponentially."

The first widely publicized Bitcoin transaction was back in 2010 when 10,000 Bitcoin were traded for two pizzas.

Recently, one Bitcoin equaled about $8,000, and it's constantly changing based on the open market for the currency.

Check Bitcoin's current price: https://charts.bitcoin.com/chart/price | https://www.coindesk.com/

Anyone can buy Bitcoin through an online exchange. Or you can buy and sell Bitcoin and check the balance using an ATM, like at the George R. Brown Convention Center in downtown Houston.         

Morgan also uses a Bitcoin debit card, and she said she treats Bitcoin like an investment. She's constantly putting away dollars into Bitcoin.

"My hope is to continue to pay for college for my children, to be honest with you," Morgan said.

Exclusive Podcast - Owen Conflenti Gets To Know lady*bitcoin

 

"It's a little more mainstream than you even realize," said Cynthia Blanchard, president of AnthemGold.

Blanchard grew up in Orange, Texas, but now she and her husband travel the world talking about Bitcoin.

"My husband will actually go into a restaurant, or, in fact, he does it every single time -- he's like, 'Do you accept Bitcoin?'" Blanchard said.

Find Places to Spend Bitcoin: http://spendbitcoins.com/places/

Their next adventure together is a new business.

"In very simplistic terms, (it's) a marriage with Bitcoin and gold," Blanchard said.

Skeptics of the Bitcoin buzz are concerned about its recent rollercoaster value, but Blanchard wants to bring more security by tying it to solid gold. They're creating a new token.

"It has the stability of gold, which is thousands of years old, and it has the flexibility and fluidity of Bitcoin," Blanchard said.

They're bringing all that gold to small-town Montgomery, Texas. The locals KPRC2 spoke with had never heard of Bitcoin. They also didn't know the Blanchards will store their gold for the token in a high-security nuclear bunker right off of Highway 105 called the Westland Bunker.

"It's one of the coolest places in the world," said Blanchard.

The Bunker is so top secret, KPRC Channel 2's cameras weren't allowed into the vault.

History of the Bunker

"The Bunker has perhaps the most interesting history of any data center ever built," the website says. "Originally constructed in 1982 by Louis Kung (Nephew of Madam Chang Kai Shek), the mysterious complex was supposedly intended as the headquarters for his company, Westland Oil. The construction was shrouded in secrecy and protected by armed guards, and most local residents were unaware that he also built a 40,000 square foot nuclear bomb shelter next to the office building. Now known locally as simply “The Bunker”, it was designed to house Mr. Kung’s family, employees, and their families in the event of a nuclear attack or a complete breakdown of civilization.

"The bunker was designed to protect 350 adults for up to three months, and was a totally self-contained structure with it’s own diesel generators, multi-chamber chemical/biological/radiation (CBR) air filtration system, two water wells, decontamination showers, jail cells, and a full surgical suite. The entrance tunnel blockhouses (disguised as pagodas) concealed numerous gun ports and had rooftop-mounted machine gun nests. The adjacent office building includes many of the same massive reinforced concrete construction techniques as the bunker, with five-layer bullet-resistant glass, its own generators, water wells, and numerous security features.

"Today the 40,000 square foot nuclear bomb shelter is a state-of-the-art data center that provides colocation of critical IT operations, while the 100,000 square foot, four story office building serves as a business continuity and disaster recovery center. We are confident that we have the ability to meet or exceed any requirements for colocation, business continuity, or managed services.

"The last eight years have seen a strong commitment to growth, starting with fiber networks, generators, chillers, enhanced security and additional 107,000 square foot state of the art data center, making the The Bunker campus one of the premier technology centers in the nation. We are extremely proud of our zero-downtime performance during hurricane Ike. That trial-by-fire has allowed us to attract many additional Fortune 500 companies and government agencies that demand exceptional results and quality service. The Bunker is a financially sound private company, structured as a limited partnership and directed by a forward thinking team of highly skilled professionals with a passion for this business and a commitment for excellence."

Copyright 2018 by KPRC Click2Houston - All rights reserved.

Houston and Pyeongchang olympics 2018

PYEONGCHANG - When Tara Lipinski won the ladies figure skating individual event at the 1998 Winter Olympics in Nagano, Japan, at 15-years-old, she was the youngest person ever to do so.

Twenty years later, Lipinski’s record still stands, and she is now the face of figure skating commentary at the PyeongChang Winter Olympics. But she has never forgotten her Houston roots.

“Texas is the best,” Lipinski said. “I would go to the rink and be so frigid and freezing inside the rink, and then when you come out, it’s so nice and warm during training.”

When Tara was nine, she moved to Sugar Land to live and train. 

“I skated and trained there for a while,” Lipinski said. “I skated at The Galleria and Sharpstown.”

In her 20s, she took a break from figure skating to figure out her next career move. As it turns out, it was figure skating commentary.

“It’s a little less pressure not having to be on the ice competing," Lipinski said. "We get to sit up in a nice, cozy, warm booth and continue to be part of the competition and part of what we love to do, which is call figure skating.”

Her partner is another former Olympic figure skater, Johnny Weir. Both of them are known for their sometimes brutal honesty, calling Nathan Chen’s Olympic debut “a disaster,” and “the worst I’ve ever seen from him.”

“Figure skating is an Olympic sport. It’s a sport. It’s hardcore. There’s blood, sweat and tears that go into it,” Weir said. “It shouldn't be treated any differently than any other sport.”

Lipinski and Weir added that they believe Nathan Chen’s best is yet to come.

Copyright 2018 by KPRC Click2Houston - All rights reserved.

Houston/Woodlands real estate reports

January 2018 Real Estate Market Report, The Woodlands, Texas

  1. 1. REAL ESTATE UPDATE The Woodlands THROUGH January 2018 brought to you by: www.ReferredRealtyTX.com
  2. 2. Market Dynamics Average $/SQFT (FS, Sold) 2 Years (Monthly) 01/01/16 - 01/31/18 Referred Realty Group Price: -0.09 All All All -0.13 -4.22 Property Types: HAR Sold $/SQFT For Sale $/SQFT MLS: All -0.19 Bathrooms: -0.18 All -3.10-4.62 Construction Type: Total Change Sq Ft: Monthly Change 2 Years (Monthly) Sublocations: All -2.20 Lot Size:Period: Monthly % Bedrooms: KEY INFORMATION Total % Change Single-Family: (Residential, Duplex) THEWOO 02/05/18BrokerMetrics� Information not guaranteed. � 2006 - 2018 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). � 2018 - 2019 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors 1 of 2
  3. 3. Average $/SQFT (FS, Sold) 2 Years (Monthly) 01/01/16 - 01/31/18 Market Dynamics Referred Realty Group # FOR SALE SQFTPeriod $/Avg SQFT Time Avg $ UNDER CONTRACT # Avg $ Avg SQFT $/ SQFT SOLD EXPIRED NEW LISTINGS # # #Avg $ Avg $ Avg $ Avg SQFT $/ SQFT Avg SQFT $/ SQFT Avg SQFT $/ SQFT 208Jan-18 469 3,930818,740 65 492,156 3,056 161 71 94 0389,807 846,4912,862 136 4,061 208 199Dec-17 698 3,794755,026 85 469,977 3,019 156 150 144 0497,995 715,7743,179 157 3,810 188 191Nov-17 943 3,643695,973 133 448,163 2,937 153 134 112 118360,424 622,218 594,8602,718 133 3,542 177 3,313 180 184Oct-17 1,168 3,537651,524 159 428,073 2,797 153 186 184 305472,185 580,475 507,7203,076 154 3,486 167 3,161 161 185Sep-17 1,198 3,552656,849 168 455,643 2,987 153 210 167 246432,180 624,143 511,6462,965 146 3,518 177 3,113 164 184Aug-17 1,325 3,551651,865 172 490,767 3,031 162 193 201 250445,530 588,402 508,9142,983 149 3,454 170 3,185 160 181Jul-17 1,520 3,522637,085 242 450,391 2,995 150 246 203 403456,350 605,330 532,5133,068 149 3,542 171 3,251 164 181Jun-17 1,569 3,539640,270 237 488,330 3,105 157 280 215 445449,436 628,290 538,9043,022 149 3,598 175 3,278 164 183May-17 1,573 3,545649,359 251 464,935 3,023 154 268 198 479421,966 706,933 573,7002,918 145 3,656 193 3,342 172 182Apr-17 1,494 3,483633,653 249 438,718 2,871 153 157 151 455387,536 601,306 502,7152,801 139 3,393 177 3,133 160 186Mar-17 1,396 3,550660,398 206 461,177 3,022 153 175 151 538486,553 721,661 565,9503,160 154 3,679 196 3,347 169 189Feb-17 1,123 3,572674,236 163 499,927 3,116 160 138 102 328424,157 571,028 513,4272,921 145 3,418 167 3,188 161 191Jan-17 1,070 3,573681,460 148 448,420 2,955 152 93 127 262455,154 582,932 592,7543,061 149 3,304 176 3,273 181 191Dec-16 1,059 3,593684,123 118 451,886 2,958 153 153 133 174410,923 731,602 591,1472,951 139 3,692 198 3,395 174 187Nov-16 1,143 3,540661,190 118 405,203 2,882 141 151 140 234431,506 616,430 459,0022,987 144 3,515 175 2,992 153 193Oct-16 1,199 3,615695,476 143 443,384 2,958 150 133 147 255416,815 830,870 554,2822,906 143 3,844 217 3,225 172 190Sep-16 1,253 3,595682,170 149 444,300 2,925 152 160 160 280411,262 600,149 506,6232,917 141 3,481 173 3,157 160 192Aug-16 1,313 3,592688,666 164 483,146 3,026 160 232 176 345454,232 636,812 544,7743,027 150 3,404 187 3,161 173 189Jul-16 1,349 3,602682,026 204 453,576 3,040 149 209 177 368435,491 628,540 535,4662,966 147 3,469 181 3,208 167 190Jun-16 1,350 3,623686,957 200 437,526 2,911 150 234 169 394443,436 691,627 598,5113,036 146 3,732 185 3,357 178 190May-16 1,316 3,650694,111 203 475,747 3,060 155 226 157 385486,426 798,061 522,6763,159 154 3,910 204 3,254 161 193Apr-16 1,329 3,664705,699 257 475,443 3,055 156 148 141 426428,549 733,790 560,3032,899 148 3,784 194 3,284 171 194Mar-16 1,204 3,683715,852 177 448,067 2,906 154 174 124 361414,500 672,531 572,1432,847 146 3,624 186 3,355 171 198Feb-16 1,146 3,658722,407 175 491,975 2,921 168 113 128 340402,068 675,318 602,8742,753 146 3,576 190 3,413 177 198Jan-16 1,097 3,627718,595 123 453,095 2,889 157 104 168 273478,814 652,778 583,0692,984 160 3,526 185 3,303 177 � 2018 - 2019 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors 2 02/05/182 ofBrokerMetrics� Information not guaranteed. � 2006 - 2018 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
  4. 4. Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 01/01/16 - 01/31/18 Referred Realty Group Price: -0.73 All All All -0.79 -234.07 Property Types: HAR Under Contract 0.40 For Sale MLS: All -1.51 Bathrooms: 0.24 -9.75 Sold All -19.01-36.20 Construction Type: Total Change Sq Ft: Monthly Change 2 Years (Monthly) Sublocations: All -17.61 Lot Size:Period: 5.69 Monthly % Bedrooms: KEY INFORMATION Total % Change 9.61 Single-Family: (Residential, Duplex) THEWOO Information not guaranteed. � 2006 - 2018 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). � 2018 - 2019 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors 1 ofBrokerMetrics� 2 02/05/18
  5. 5. Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 01/01/16 - 01/31/18 Market Dynamics Referred Realty Group # Properties # PropertiesAverage DOM# Properties SOLD # Properties FOR SALE Average DOM Average DOM UNDER CONTRACT Average DOM NEW LISTINGS # Properties EXPIRED Time Period 166 0Jan-18 158101 94124 7165469 137 0Dec-17 13669 144106 15085698 106 118Nov-17 11960 11264 134133943 93 305Oct-17 11765 18462 1861591,168 95 246Sep-17 11760 16767 2101681,198 89 250Aug-17 9559 20160 1931721,325 79 403Jul-17 9853 20354 2462421,520 77 445Jun-17 9847 21555 2802371,569 77 479May-17 9845 19849 2682511,573 76 455Apr-17 9657 15145 1572491,494 80 538Mar-17 13369 15147 1752061,396 95 328Feb-17 12080 10268 1381631,123 108 262Jan-17 14672 12790 931481,070 110 174Dec-16 12278 13369 1531181,059 101 234Nov-16 12358 14070 1511181,143 98 255Oct-16 13567 14760 1331431,199 94 280Sep-16 11850 16066 1601491,253 88 345Aug-16 10251 17653 2321641,313 86 368Jul-16 10145 17751 2092041,349 84 394Jun-16 10255 16951 2342001,350 86 385May-16 12253 15750 2262031,316 87 426Apr-16 11561 14157 1482571,329 95 361Mar-16 13363 12449 1741771,204 99 340Feb-16 11462 12863 1131751,146 109 273Jan-16 12466 16867 1041231,097 02/05/182 Information not guaranteed. � 2006 - 2018 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2 ofBrokerMetrics� � 2018 - 2019 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
  6. 6. Market Dynamics Supply & Demand - # Units (FS, UC, Sold) Jan-17 through Jan-18 Referred Realty Group Price: 469.0 All All All 65.0 -601.0 Property Types: HAR Under Contract 93.0 For Sale MLS: All 148.0 Bathrooms: 71.0 1,070.0 Sold All -56.1-83.0 Construction Type: # Units Change Sq Ft: Jan-17 2 Years (Monthly) Sublocations: All -56.2 Lot Size:Period: -23.7 Jan-18 Bedrooms: KEY INFORMATION Percent Change -22.0 Single-Family: (Residential, Duplex) THEWOO Information not guaranteed. � 2006 - 2018 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). � 2018 - 2019 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors 1 ofBrokerMetrics� 2 02/05/18
  7. 7. Supply & Demand - # Units (FS, UC, Sold) Jan-17 through Jan-18 Market Dynamics Referred Realty Group # Properties # PropertiesAverage DOM# Properties SOLD # Properties FOR SALE Average DOM Average DOM UNDER CONTRACT Average DOM NEW LISTINGS # Properties EXPIRED Time Period 166 0Jan-18 158101 94124 7165469 137 0Dec-17 13669 144106 15085698 106 118Nov-17 11960 11264 134133943 93 305Oct-17 11765 18462 1861591,168 95 246Sep-17 11760 16767 2101681,198 89 250Aug-17 9559 20160 1931721,325 79 403Jul-17 9853 20354 2462421,520 77 445Jun-17 9847 21555 2802371,569 77 479May-17 9845 19849 2682511,573 76 455Apr-17 9657 15145 1572491,494 80 538Mar-17 13369 15147 1752061,396 95 328Feb-17 12080 10268 1381631,123 108 262Jan-17 14672 12790 931481,070 02/05/182 Information not guaranteed. � 2006 - 2018 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2 ofBrokerMetrics� � 2018 - 2019 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
  8. 8. Months Supply of Inventory (UC Calculation) Market Dynamics Jan-16 through Jan-18 Referred Realty Group Sublocations: -6.03 Price:HAR Bedrooms:Period: Monthly % MSI-UC 2 Years (Monthly) THEWOO -0.25 Single-Family: (Residential, Duplex) Total % Change Property Types: KEY INFORMATION All All Lot Size:All -0.33 Monthly Change -0.01 Total Change Sq Ft: AllAll Bathrooms:MLS: AllConstruction Type: Information not guaranteed. � 2006 - 2018 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). BrokerMetrics� 1 of 2 � 2018 - 2019 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors 02/05/18
  9. 9. Referred Realty GroupMarket Dynamics Months Supply of Inventory (UC Calculation) Jan-16 through Jan-18 Period NAR MSI # SoldMSI # For Sale Last Day of Month # Under Contract Time 4.4Jan-18 65 713104.8 3.1Dec-17 85 1504695.5 5.2Nov-17 133 1346985.2 4.4Oct-17 159 1868255.2 4.1Sep-17 168 2108635.1 4.9Aug-17 172 1939525.5 4.4Jul-17 242 2461,0754.4 4.0Jun-17 237 2801,1174.7 4.2May-17 251 2681,1244.5 7.0Apr-17 249 1571,0944.4 5.9Mar-17 206 1751,0395.0 6.2Feb-17 163 1388585.3 8.5Jan-17 148 937955.4 5.3Dec-16 118 1538086.8 5.9Nov-16 118 1518857.5 6.8Oct-16 143 1339096.4 5.9Sep-16 149 1609446.3 4.2Aug-16 164 2329735.9 4.6Jul-16 204 2099684.7 4.2Jun-16 200 2349814.9 4.2May-16 203 2269564.7 6.3Apr-16 257 1489313.6 5.2Mar-16 177 1749035.1 7.5Feb-16 175 1138434.8 7.8Jan-16 123 1048066.6 2 � 2018 - 2019 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors 02/05/18 Information not guaranteed. � 2006 - 2018 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). BrokerMetrics� 2 of
  10. 10. January 2018 Snapshot by Price Range Price Range Days on Market Months Supply of Inventory* Under Contract SOLD Number Active End of Current Month 100-199k 160 0.8 5 6 4 200-299k 105 108.0 19 23 34 300-399k 135 5.9 7 15 41 400-499k 117 5.6 10 14 56 500-599k 145 4.6 7 2 32 600-699k 140 5.0 5 2 25 700-799k 104 14.5 2 4 29 800-899k 0 0.0 0 2 14 900-999k 125 9.0 1 1 9 1M-1.499M 80 7.5 2 1 15 1.5M-1.999M 230 13.0 1 0 13 2M-17M 118 28.0 1 0 28 *Economists consider a balanced market (buyer vs. seller activity) to be 6 mo.

houston for rent market

Earlier this year, Ray Purser put his two-bedroom Montrose-area condo on the market for $237,000. He figured it would sell within three or four weeks because it's in a newer building with nice views and just down the street from where a new Whole Foods is being built.

After two months and no takers, Purser decided to list the condo for rent, and the calls started pouring in. In two weeks he had a tenant.

"It's sort of a sign of the economic times," said Purser, who works in government and public relations for Comcast. "People are a little nervous, perhaps, about buying a home."

Indeed, sluggish home sales seem to be benefiting at least one segment of the housing market: rentals.

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Leases on Houston-area single-family homes jumped 13.6 percent in the third quarter, compared to the same period in 2009, according to data from the Houston Association of Realtors. Townhouse and condo rentals increased 22.5 percent.

"The rental market has taken a big jump," said Margie Dorrance, the association's chair and principal at Keller Williams

houston for rent/buy strong market

December Monthly Market Comparison

The Houston housing market registered largely positive measurements in December, with single-family home sales, total property sales, total dollar volume and median pricing all up compared to December 2016.

Month-end pending sales for single-family homes totaled 5,413, an increase of 24.0 percent versus 2016. Total active listings, or the total number of available properties, declined 2.2 percent from December 2016 to 33,432.

Single-family homes inventory shrank from a 3.4-months supply to 3.2 months. For perspective, housing inventory across the U.S. currently stands at a 3.4-months supply, according to the latest report from the National Association of Realtors (NAR).

CATEGORIESDECEMBER 2016DECEMBER 2017CHANGE

Total property sales7,8508,1253.5%

Total dollar volume$2,209,007,615$2,271,587,7462.8%

Total active listings34,19933,432-2.2%

Single-family home sales6,6066,8754.1%

Single-family average sales price$294,035$292,174-0.6%

Single-family median sales price$226,050$230,0001.7%

Single-family months inventory*3.43.2-0.2 mos.

Single-family pending sales**4,3675,41324.0%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.