Houston housing market

months supply. That is up from 3.3 months a year earlier and represents the greatest supply since October 2018. It is also slightly above the national inventory of 3.5 months reported by NAR.

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

  • $1 - $99,999: decreased 5.9 percent

  • $100,000 - $149,999: decreased 17.7 percent

  • $150,000 - $249,999: increased 5.4 percent

  • $250,000 - $499,999: increased 9.8 percent

  • $500,000 - $749,999: unchanged

  • $750,000 and above: increased 9.0 percent

HAR also monitors sales activity among existing single-family homes. Existing home sales totaled 5,676 in March, up 5.2 percent versus the same month last year. The average sales price increased 2.7 percent to $286,868 while the median sales price rose 2.3 percent to $225,000.

Houston single family homes

Single-family homes inventory reached a 3.9-months supply in March. That is up from 3.3 months a year earlier and marks the greatest supply of homes since October 2018. For perspective, housing inventory across the U.S. is currently at a 3.5-months supply, according to the latest report from the National Association of Realtors® (NAR).

Houston housing market Comparison

March Monthly Market Comparison
The Houston real estate market registered across-the-board gains in March. Single-family home sales, total property sales, total dollar volume and pricing were all up compared to March 2018. Month-end pending sales of single-family homes totaled 8,740, a 14.6 percent increase over last year. Total active listings, or the total number of available properties, jumped 17.5 percent to 41,127.

House/apartment/condo For lease in Houston

Lease Property Update
Consumer demand for lease properties was up dramatically again in March compared to a year prior. Single-family home rentals shot up 18.4 percent while rentals of townhomes and condominiums jumped 16.7 percent. The average rent for single-family homes was flat at $1,746 while the average rent for townhomes and condominiums rose 2.0 percent to $1,530.

Houston housing for sale

“Home sales are benefitting from some of the lowest interest rates in years, but we also continue to see tremendous strength in the rental segment, and with inventory growing steadily, the Houston real estate market looks solid,” said HAR Chair Shannon Cobb Evans with Heritage Texas Properties. “We are also encouraged by the Texas Workforce Commission’s latest report about a 2.4-percent increase in employment across metro Houston over the past year, which bodes well for housing.”

Houston for sale/rent single family homes

According to the latest monthly report from the Houston Association of Realtors® (HAR), sales of single-family homes increased 4.9 percent in March, with 7,072 homes sold versus 6,740 in March of 2018. Home sales edged up slightly in February following three consecutive months of declines.

Prices of single-family homes reached record highs for a March. The median price (the figure at which half of the homes sold for more and half sold for less) rose 2.1 percent to $240,000 and the average price was up 2.0 percent at $298,766.

March sales of all property types totaled 8,475, up 3.6 compared to the same month last year. Total dollar volume for the month jumped 5.7 percent to $2.4 billion.

Houston Housing market

HOUSTON — (April 10, 2019) — Lower interest rates pushed fence-sitters into buying mode as single-family home sales rose nearly five percent in March compared to a year earlier. The strongest sales activity was recorded among homes priced between $250,000 and $500,000, followed closely by the luxury segment ($750,000 and above). Once again, renters placed strong demand on single-family and townhome/condo leases across greater Houston. Housing inventory expanded to its highest level in five months, laying fertile ground for consumers as we move further into the spring buying season.

Houston housing market

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.