Tap To Call

JANUARY NEWS YOU CAN USE
Housing Stats ∙ Homestead Exemption ∙ Tax Cuts & Jobs Act

HOUSTON HOME SALES SPIKE IN DECEMBER

The Houston housing market showed increased home sales and diminishing inventory at the end of 2017. December proved to be a strong month on both a monthly and yearly basis.

The year ended with total property sales and single-family sales up 3.5 percent from 2016. June was the stongest month on a monthly and yearly basis.

According to the latest monthly report prepared by the Houston Association of REALTORS® (HAR):

Month-to-Month Comparison:

CategoryJan. 2017Feb. 2017Mar. 2017Apr. 2017May 2017June 2017July 2017Aug. 2017Sept. 2017Oct. 2017Nov. 2017Dec. 2017
Total Property Sales4,9976,1118,4958,0149,7449,9938,8217,0778,1507,6147,2708,125
Total Active Listings34,95835,68537,92639,56741,25743,32644,29942,82240,84839,69237,91433,432
Single-Family Home Sales4,0804,9337,0136,5838,1568,4147,4405,9176,9136,3816,1846,875
Townhome/Condominium Sales379495652594715665572399470536481535
Single_Family Months of Inventory3.53.53.84.04.14.44.54.44.13.93.73.2
Single-Family Pending Sales6,2866,9088,3118,3828,8088,3637,9406,2956,6067,2016,2185,413
Days on Market646660555150485054616162

Single-Family Sales by Price Range (Harris, Fort Bend, Brazoria, Montgomery & Waller Counties):

Price RangeJan. 2017Feb. 2017Mar. 2017Apr. 2017May 2017June 2017July 2017Aug. 2017Sept. 2017Nov. 2017Dec. 2017
$1 - $99,999167203217193227206202148159237243
$100,000 - $149,999575565732657776720666531580587634
$150,000 - $249,9991,3621,6842,3862,2532,7052,7612,5492,0422,3892,2252,292
$250,000 - $499,9991,1081,5392,1732,0552,5692,6522,2101,8382,1371,8192,091
$500,000 - $749,999210225368309439521396315352298368
$750,000 and above132162226253273335301228220187211

Year-to-Year Comparison:

  • Single-family home sales climbed 4.1 percent year-over-year with 6,875 units sold;
  • Single-family home sales increased by 3.5 percent in 2017;
  • Single-family home sales broken out by price range:
    • $1 – $79,999: increased 5.7 percent
    • $80,000 – $149,999: decreased 7.3 percent
    • $150,000 – $249,999: increased 4.5 percent
    • $250,000 – $499,999: increased 9.1 percent
    • $500,000 – $749,999: unchanged
    • $750,000 and above: decreased 11.2 percent
  • Total December property sales increased 3.5 percent to 8,125 units sold;
  • Total dollar volume for December increased 2.8 percent to $2.3 billion;
  • Single-family homes months of inventory declined slightly to a 3.2-months supply;
  • Days on Market for single-family homes was unchanged at 62;
  • Townhome/condominium sales rose 3.2 percent, with the average price down 5.5 percent;
  • Leases of single-family homes fell 3.6 percent with average rent up 3.3 percent to $1,745;
  • Leases of townhomes/condominiums climbed 7.3 percent with average rent up 2.4 percent to $1,532.

>>>Read the entire release.

REMEMBER TO FILE FOR A HOMESTEAD EXEMPTION BEFORE APRIL 1, 2018

If you purchased a property prior to January 1, 2018; (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, 2018.

Harris County:
Application for Residence Homestead Exemption (Fillable)

Harris County Appraisal District iPhone App

Fort Bend and Brazoria Counties:

Application for Residence Homestead Exemption

Waller County:
Application for Residence Homestead Exemption

HOW DOES THE TAX CUTS & JOBS ACT IMPACT HOMEOWNERS?

 

All the service, for less money!

How do our Flat Fee Listings and Rebated Commissions work?

Leslie Lerner Properties can save you money!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LESLIE LERNER PROPERTIES WILL:

  • List Homes $300,000 – $799,999 for $4,500
  • List Homes $800,000 – $1,499,999 for $12,000
  • List Homes $1,500,000 – $1,999,999 for $25,000
  • List Homes above $2,000,000 for $30,000
  • $200,000 – $299,999 for 1.5%

>>Read More

  • We will rebate 1.5% of the Buyer’s Agent’s Commission if we show you 1 – 3 homes.
  • We will rebate 1% if we show you 4 – 6 homes.

>>Read More

See what people are saying about Leslie Lerner Properties!

Property Search

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you think it is time to buy or sell a home, remember to call Leslie Lerner Properties at 713.489.9900.  Leslie Lerner Properties is the Home of Flat Fee Listings and Rebated Commissions. A great amount of information can be found at LeslieLernerProperties.com.

Leslie Lerner Properties offers all of the service for less money, when buying or selling a home.