- For Summer 2023 - Improving Market Sees High Demand for New/Remodeled Homes After a late 2022 pause sparked by higher interest rates, our market is improving again May single-family home sales were down 10.4 year-over-year—the lowest rate of decline since June 2022 Compared to pre-pandemic 2019, May sales were down just 1.3 Compared to 5 years ago (2018), May sales were up 6.4 Inventory increased in May to 2.8 months supply—still well below a balanced market New homes are preferred and made up 25 of May sales Median price is up almost 40 compared to pre-pandemic 2019: $340,095 vs. $249,993 S ..read more

- For Spring 2023 - Rates, Recession & Rebound — The 3 Rs of the Houston Housing Market Rising mortgage rates have tapped the brakes on the market Inflation & fear of recession have caused a bit of a pause for buyers & sellers Prices continue to rise, but at a modest rate & we should expect some decline Homeowners with low interest rates are staying put so there are fewer homes available More homes expected to come on the market for spring selling season Sellers: Low inventory & pent up demand mean it’s a great time to sell Buyers: Easing home prices continue to b ..read more

- For Late September 2022 - Balancing Market Remains Strong Despite Low Inventory Sales are lower than in 2021, but when compared to a normal year (2019), they’re still up Prices are steadily increasing as inventory remains historically low Interest rates have risen to 6.75 and we don’t expect them to drop anytime soon Those with low interest rates are staying put so there are fewer homes available Sellers: Less inventory than in normal times, so still a great time to sell Buyers: It’s a better time to buy as the market continues to balance As we enter the fall selling season, our market ..read more

- For Early July 2022 - Mortgage Rates See Largest Single Week Drop Since 2008 Mortgage rates dropped from 5.7 to 5.3 for the week of July 7 The gap between list price and sales price is narrowing Historically low inventory has been a factor in single-family home sales being down Sales are typically slow in July so we should not be comparing to early 2022 sales Sellers: Still a fantastic time to sell your home Buyers: Better time to buy as the market slowly starts to normalize Mortgage rates have dropped by half a percent over the past two weeks (from 5.8 to 5.3). While this is a good sign for ..read more

- For February 2022 - The Houston real estate market continued to soar in February with year-over-year sales up in every major category, from single-family homes to country homes to townhouses. Prices also continued to rise by significant amounts in February and inventory remained historically low. Year-over-year single-family home statistics saw huge increases across the board: sales (23 percent), average price (13 percent), and median price (19 percent). As one major indicator of the strength of the market, February single-family sales increased by at least 33 percent for every price segment ..read more

- For Late September 2022 - Balancing Market Remains Strong Despite Low Inventory Sales are lower than in 2021, but when compared to a normal year (2019), they’re still up Prices are steadily increasing as inventory remains historically low Interest rates have risen to 6.75 and we don’t expect them to drop anytime soon Those with low interest rates are staying put so there are fewer homes available Sellers: Less inventory than in normal times, so still a great time to sell Buyers: It’s a better time to buy as the market continues to balance As we enter the fall selling season, our market ..read more

- For Early July 2022 - Mortgage Rates See Largest Single Week Drop Since 2008 Mortgage rates dropped from 5.7 to 5.3 for the week of July 7 The gap between list price and sales price is narrowing Historically low inventory has been a factor in single-family home sales being down Sales are typically slow in July so we should not be comparing to early 2022 sales Sellers: Still a fantastic time to sell your home Buyers: Better time to buy as the market slowly starts to normalize Mortgage rates have dropped by half a percent over the past two weeks (from 5.8 to 5.3). While this is a good sign for ..read more

- For February 2022 - The Houston real estate market continued to soar in February with year-over-year sales up in every major category, from single-family homes to country homes to townhouses. Prices also continued to rise by significant amounts in February and inventory remained historically low. Year-over-year single-family home statistics saw huge increases across the board: sales (23 percent), average price (13 percent), and median price (19 percent). As one major indicator of the strength of the market, February single-family sales increased by at least 33 percent for every price segment ..read more

- For January 2022 - Simply put, we are in unprecedented times here in the Houston real estate market. We’ve been in an accelerating market since about 2013, but due to increased demand and historically low inventory, our market has really reached an entirely new level. Every major January statistic (sales, median price, average price, etc.) in every major category (single-family, townhouse, country homes, etc.) was up significantly over last year, which was the single best year we’ve ever had in the history of Houston real estate This boom in sales numbers and pricing is not confined to ..read more

Houston's home sales numbers for October were released on Wednesday and you may have already seen quite a few headlines about how home sales are slowing. We encourage you to read beyond these headlines though because they aren't telling the real story.   ..read more