I'm a numbers gal so follow the the MLS number trends daily as well as the pricing reports. Even in my own daily business and currently working with multiple buying and selling clients I
Low Interest Rates Help Give Houston Real Estate A Strong Start In January 2020
Houston real estate selling season has started early this year primarily due to continued low interest rates and now is a fantastic time to consider selling or buying real estate! Give us a call to discuss the market and how we can help you sell quickly for top dollar and/or purchase a home and negotiate the best offer!
Houston Real Estate Highlights in January
Single-family home sales jumped 14.3 percent year-over-year, with 4,699 units sold, marking the seventh consecutive month of positive sales;
Days on Market (DOM) for single-family homes extended slightly from 66 to 68 days;
Total property sales surged 15.2 percent, with 5,800 units sold;
Total dollar volume rose 17.1 percent to about $1.6 billion;
The single-family home median price increased 4.5 percent to $234,000, reaching a January high;
The single-family home average price climbed 4.6 percent to a January high of $291,034;
Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last January but above the national inventory level of 3.0 months;
Townhome/condominium sales jumped for a second straight month – up 20.9 percent, with the average price down 3.5 percent to $186,582 and the median price down 5.2 percent to $149,750;
Lease properties experienced a strong performance, as single-family home rentals climbed 14.5 percent with the average rent up 1.7 percent to $1,782;
Volume of townhome/condominium leases rose 5.6 percent with the average rent up 5.9 percent to $1,598.
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