Houston Housing Stats January 2017

[Sharon Tzib]

http://www.har.com/content/newsroom

Houston Real Estate Highlights in January

• Single-family home sales rose 1.7 percent with 4,080 units sold;
• Total property sales edged up 0.9 percent with 4,997 units sold;
• Total dollar volume jumped 6.2 percent to $1.3 billion;
• At $210,000, the single-family home median price rose 4.0 percent to a January high;
• The single-family home average price climbed 5.3 percent to $275,696, which was also the highest level for a January;
• Single-family homes months of inventory climbed to a 3.5-months supply;
• Townhome/condominium sales fell 5.4 percent, with the average price up 1.4 percent to $187,178 and the median price down 1.1 percent to $138,000;
• Leases of single-family homes rose 5.7 percent with average rent down slightly to $1,718;
• Leases of townhomes/condominiums increased 6.0 percent with average rent down 4.7 percent to $1,497.

[Ryan Terwilliger]

I am a Realtor and from everything that I see the market is about to boom. Think back to last year in Sept. it was the busiest month in history for Houston. Oct is the beginning of the leveling off period for the holidays and now officially at valentines it will pick back up where it left off in Sept. Again it will level off as the summer starts and boom end of summer. With oil on a rebound and Trump doing what he does it should be a record year. And no we do not follow the national five year national market trends however a hurricane could change everything.