Houston housing market Comparison

(HAR Report): The sluggish pace of new listings combined with another month of strong sales drove single-family homes inventory down to a 2.5-month supply versus 3.9 months a year earlier. The last time inventory dropped that low was in December 2014. For September, however, new listings saw a 7.0 percent year-over-year increase. Housing inventory nationally stands at a 3.0-months supply, according to the National Association of Realtors (NAR).

Houston housing market Comparison

September Monthly Market Comparison(HAR Report):

Despite the ongoing coronavirus pandemic, home buyers were out in force in September, still taking advantage of historically low mortgage interest rates even as the selection of available housing dwindled. Houston real estate saw its fourth consecutive month of positive sales. On a year-to-date basis, the market is running 5.4 percent ahead of 2019’s record pace. Single-family home sales, total property sales and total dollar volume all rose compared to September 2019. Pending sales jumped 43.7 percent. However, total active listings – or the total number of available properties – fell 25.4 percent.

Houston Housing market

(HAR Report): Sales of all property types totaled 11,137 – up 31.9 percent from September 2019. Total dollar volume for the month surged 43.6 percent to $3.4 billion. The lease market cooled in September, with declines in single-family housing while townhouse/condo leases were unchanged year-over-year.

 “September sales defied expectations with many Realtors busier than ever, however we anticipate that the pace of sales will soon slow down since there just aren’t a whole lot of homes out there for consumers to buy,” said HAR Chairman John Nugent with RE/MAX Space Center. “Houston real estate has been performing so well, as a matter of fact, that our HAR membership now exceeds 41,000, so a lot of folks are energized about our flourishing industry.”

Houston Housing market

(HAR Report): Homes priced at $750,000 and up leapt 81.5 percent compared to September 2019. That was followed by the $500,000 to $750,000 housing segment, which jumped 58.1 percent year-over-year.  Homes between $250,000 and $500,000 – which comprise the market’s biggest share of sales – also achieved significant increases over last year.

The single-family home median price rose 8.3 percent to $265,000 while the average price increased 10.1 percent to $329,801. Both figures are record highs for a September. Year-to-date sales are currently 5.4 percent ahead of 2019’s record pace.

Houston Housing market

HOUSTON,(HAR Report) — (October 14, 2020) — Houston’s sizzling summer of home sales extended into September as consumers continued to take advantage of historically low mortgage interest rates amid a pandemic. Once again, the high end of the market experienced the greatest increase in sales volume, with mid-range homes also drawing strong activity. The sales frenzy, combined with a steady decline in the number of homes entering the market in recent months, has sent inventory to its lowest level in almost six years, making a sales slowdown inevitable as would-be buyers are left with a narrower selection of homes.

According to the latest Houston Association of Realtors (HAR) Market Update, 9,101 single-family homes sold in September compared to 7,050 a year earlier. That translates to a 29.1 percent increase and marks the fourth straight month of positive sales.

Flu Vaccine information

(CDC Report): There are many different flu viruses and they are constantly changing. The composition of U.S. flu vaccines is reviewed annually and updated as needed to match circulating flu viruses. Flu vaccines protect against the three or four viruses (depending on the vaccine) that research suggests will be most common.

For 2020-2021, trivalent (three-component) egg-based vaccines are recommended to contain:

  • A/Guangdong-Maonan/SWL1536/2019 (H1N1)pdm09-like virus (updated)

  • A/Hong Kong/2671/2019 (H3N2)-like virus (updated)

  • B/Washington/02/2019 (B/Victoria lineage)-like virus (updated)

Quadrivalent (four-component) egg-based vaccines, which protect against a second lineage of B viruses, are recommended to contain:

  • the three recommended viruses above, plus B/Phuket/3073/2013-like (Yamagata lineage) virus.

For 2020-2021, cell- or recombinant-based vaccines are recommended to contain:

  • A/Hawaii/70/2019 (H1N1)pdm09-like virus (updated)

  • A/Hong Kong/45/2019 (H3N2)-like virus (updated)

  • B/Washington/02/2019 (B/Victoria lineage)-like virus (updated)

  • B/Phuket/3073/2013-like (Yamagata lineage) virus

Houston Housing market

HOUSTON(HAR Report) — (September 9, 2020) — Following a July that vaulted Houston real estate into the record books, August proved to be another healthy month for home sales despite the lingering coronavirus pandemic. The high end of the market staged the strongest performance, pulling up overall pricing along the way. However, with a decline in the number of listings for sale coming on the market, inventory has now fallen to its lowest level in five years, setting the stage for moderating sales in the weeks ahead despite historically low interest rates.

According to the latest Houston Association of Realtors (HAR) Market Update, 9,195 single-family homes sold in August compared to 8,673 a year earlier. That accounted for a 6.0 percent increase and marked the third consecutive month of positive sales.

Homes priced at $750,000 and above registered the greatest percentage increase, soaring 40.3 percent compared to August 2019. In second place was the $500,000 to $750,000 housing segment, which jumped 34.4 percent year-over-year. Homes between $250,000 and $500,000 — the market’s highest volume sales range – also achieved significant increases over 2019.

The single-family home median price climbed 7.6 percent to $269,000 while the average price rose 7.8 percent to $334,256. Both figures are record highs for an August. Year-to-date sales are running 2.8 percent ahead of 2019’s record pace.

Sales of all property types totaled 11,121 – up 7.3 percent from August 2019. Total dollar volume for the month increased 13.4 percent to $3.5 billion. After strong consumer interest in July, the lease market retreated in August, with declines in both the single-family and townhouse/condo markets.

“August was the third straight positive month for Houston real estate, but with a dwindling supply of homes entering the market, we expect sales volume to resume a more normalized pace for this time of year,” said HAR Chairman John Nugent with RE/MAX Space Center. “Consumers can still benefit from record low interest rates, however constrained inventory doesn’t offer them many housing options, which is unfortunate.”

Houston Housing market Highlights

Houston Real Estate Highlights in August(HAR Report)

  • Following a record-setting performance in July, single-family home sales held to positive territory again in August, rising 6.0 percent year-over-year with 9,195 units sold;

  • The Days on Market (DOM) figure for single-family homes lowered from 53 to 51 days;

  • Total property sales rose 7.3 percent with 11,121 units sold;

  • Total dollar volume jumped 13.4 percent to $3.5 billion;

  • The single-family home median price rose 7.6 percent to $269,000 – the second highest median price of all time;

  • The single-family home average price increased 7.8 percent to $334,256 – the second highest average price in history;

  • Single-family homes months of inventory registered a 2.8-months supply, down from 4.1 months last August and below the national inventory level of 3.1 months;

  • Townhome/condominium sales rose 1.3 percent, with the average price up 4.5 percent to $216,733 and the median price up 1.7 percent to $175,000;

  • Single-family home rentals dropped 13.3 percent with the average rent up 2.3 percent to $1,961;

  • Townhome/condominium leases fell 13.7 percent with the average rent up 1.0 percent to $1,654.