MARCH NEWS YOU CAN USE Housing Stats ∙ More Smart Products from CES 2017
NEW DATA FOR READERS
Each month, Leslie Lerner Properties sends newsletters reporting housing statistics per the Houston Association of REALTORS® monthly report. Every time the report is sent, we are curious to see monthly versus yearly comparisons. Due to this curiosity and desire to truly inform buyers and sellers, we have taken the HAR monthly report a bit further, and started examining monthly data.
Below you will find tables outlining current monthly statistics, along with HAR’s year-to-year report. We hope you will find this information as informative as we do. We always want our buyers and sellers to have a true vision of the current market.
If there is other data you would like to see in the future, please let us know.
HOUSTON HOME SALES IMPROVED IN FEBRUARY
Houston home sales perked up in February with year-over-year and monthly gains. Sales in each price category either remained steady or increased, which is good news for our local market.
Single-family homes inventory remained the same at 3.5-months supply versus 3.4 months last year. Across the U.S., inventory is at a 3.6 months supply. The average days on the market grew to 66 days.
Close-in Spring Branch Real Estate Listing – 1504 Woodvine Dr.
Leslie Lerner Properties is happy to announce their new, close-in, Spring Branch real estate listing at 1504 Woodvine. This wonderful, meticulously maintained elevator-capable home, is perfect for entertaining with White Oak hardwoods throughout, large, open spaces and an exceptional backyard/summer kitchen. The terrific kitchen with stainless appliances opens to the living, dining and breakfast rooms and overlooks the backyard. There is a fabulous wine bar and computer nook on the first floor. The great study/media area with a wet bar and built-ins, the large master suite and two other spacious bedrooms and baths on the second floor.
FEBRUARY NEWS YOU CAN USE Housing Stats ∙ Innovative Products for the Home Unveiled at CES 2017
HOUSTON HOUSING MARKET SAW YEAR-OVER-YEAR GAINS IN JANUARY
The Houston area housing market started off the year with across-the-board gains compared to January 2016. Homes priced between $500,000 and $750,000 showed the strongest sales activity. Sales of homes priced at $750,000 and above remained strong for the third consecutive month.
Single-family homes inventory grew from grew from a 3.3-months supply to 3.5 months. Across the U.S., inventory is at a 3.6 months supply. Days on the market grew to 64 days.
Brykerwoods / Spring Branch Real Estate Listing – 7607 Edgeway Dr.
Leslie Lerner Properties is elated over their new Brykerwoods / Spring Branch real estate listing at 7607 Edgeway Dr. This close-in, amazing, one story, completely updated home has a garage apartment, large backyard and zoned to Hunters Creek Elementary and Memorial High School. This is an unbelievable find with gorgeous, neutral colors, wood floors, stainless appliances, granite countertops, a wet bar, windows galore and great living and entertaining areas. All bedrooms and living areas are very spacious. The master suite has an incredible walk-in closet and terrific bathroom with a tub and shower. This home is move-in ready.
JANUARY NEWS YOU CAN USE Housing Stats ∙ Homestead Exemption ∙ Prevent Burst Pipes During a Freeze
HOUSTON HOUSING MARKET HELD STEADY THROUGHOUT 2016
The Houston area housing market was stable throughout 2016 despite fears of falling oil prices and layoffs. After a decline in 2015, single-family home sales increased 3.0 percent and is 1.3 percent above the homes sold in 2014.
Inventory levels grew during the first half of 2016, hitting a 4.0-months supply in July. Levels were down to a 3.3-months supply, at the end of the year, which is the same level as the beginning of 2016.
The Houston housing market had gains in December 2016 with single-family home sales and total property sales all up compared to December 2015.
Single-family homes inventory grew from a 3.2-months supply to 3.3 months. Inventory across the U.S. currently is at a 4.0-months supply.
Remember to File For A Homestead Exemption Before April 30, 2017
If you purchased a property prior to January 1, 2017; (2) you occupied it as your principal residence on January 1st; and (3) you and your spouse do not claim a residence homestead exemption on any other property, you could be eligible for a property tax exemption. Make sure you file by April 30, 2017.