Houston single family homes

Single-Family Homes Update
Single-family home sales were statistically unchanged in February, with 5,280 units sold across the greater Houston area compared to 5,265 a year earlier. Prices reached the highest levels ever for a February. The median price increased 2.9 percent to $232,900. The average price rose 1.9 percent to $286,156.


Houston housing market Comparison

February Monthly Market Comparison
February’s statistical readings for the Houston real estate market were in the black in all categories. Single-family home prices and total dollar volume rose while single-family home sales and total property sales were flat compared to February 2018. Month-end pending sales totaled 7,310, a 15.4 percent increase over last year. Total active listings, or the total number of available properties, jumped 17.4 percent to 39,304.

Lease/Rent property in Houston

Lease Property Update
Consumers kept the rental market buzzing in February. Single-family home rentals soared 26.5 percent while rentals of townhomes and condominiums shot up 27.1 percent. The average rent for single-family homes edged up 0.8 percent to $1,733 and the average rent for townhomes and condominiums rose 1.9 percent to $1,548.

Houston single family homes

Single-family home prices achieved record highs for a February. The median price (the figure at which half of the homes sold for more and half sold for less) rose 2.9 percent to $232,900 and the average price increased 1.9 percent to $286,156.

Sales of all property types totaled 6,388, also statistically flat when compared to last February’s tally of 6,368 Total dollar volume for the month rose 3.1 percent to $1.76 billion.

“The Houston real estate market seems to be emerging from the winter doldrums with improvement in sales volume and an exceptionally strong performance among rental properties in February,” said HAR Chair Shannon Cobb Evans with Heritage Texas Properties. “This suggests that many consumers are opting to rent until they find the right home at the right price at the right interest rate to buy.”

Houston Housing market

HOUSTON — (March 13, 2019) — After a generally mixed performance in January, the Houston housing market showed considerably more vitality in February, particularly among rental properties. Unlike January, which brought declining sales across all pricing segments, sales last month rose among homes priced between $150,000 and $750,000, with the high end of that range performing best. Inventory continued to grow, generating an improved supply of homes for consumers as the spring buying season gets underway.

According to the newest monthly report from the Houston Association of Realtors® (HAR), sales of single-family homes were statistically flat in February, with 5,280 homes sold compared to 5,265 a year earlier, marking the end of three straight months of declines.

Houston Housing Highlights

Houston Real Estate Highlights in January

  • Single-family home sales fell 8.1 percent year-over-year, with 4,100 units sold, marking the third consecutive month of declining sales;

  • Days on Market (DOM) for single-family homes lowered from 68 to 65 days;

  • Total property sales tumbled 8.4 percent, with 5,011 units sold;

  • Total dollar volume declined 4.4 percent to slightly more than $1.3 billion;

  • The single-family home median price edged up 1.4 percent to $222,000, reaching a January high;

  • The single-family home average price increased 2.4 percent to a January high of $277,483;

  • Single-family homes months of inventory was at a 3.7-months supply, up from 3.2 months last January and equal to the national inventory level;

  • Townhome/condominium sales fell for a fifth straight month – down 10.5 percent, with the average price down 2.3 percent to $188,268 and the median price down 2.8 percent to $154,250;

  • Lease properties saw their strongest performance since November 2017, as single-family home rentals climbed 16.5 percent with the average rent up 0.4 percent to $1,755;

  • Volume of townhome/condominium leases surged 16.4 percent with the average rent down 0.8 percent to $1,504.

Houston housing days in market

Days on Market (DOM), or the number of days it took the average home to sell, narrowed from 68 to 65 days. Inventory registered a 3.7-months supply. That is up from 3.2 months a year earlier and matches the current national inventory level reported by NAR.

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

  • $1 - $99,999: decreased 13.9 percent

  • $100,000 - $149,999: decreased 24.7 percent

  • $150,000 - $249,999: decreased 3.5 percent

  • $250,000 - $499,999: decreased 7.4 percent

  • $500,000 - $749,999: decreased 4.1 percent

  • $750,000 and above: decreased 4.2 percent