Real Estate Market News for January – Leslie Lerner Properties – Houston Realtor

[wpcol_2third id=”” class=”” style=””]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. 2017Oct. 2017Nov. 2017Dec. 2017
$1 - $99,999167203217193227206202160192212242247
$100,000 - $149,999575565732657776720666550587595595647
$150,000 - $249,9991,3621,6842,3862,2532,7052,7612,5492,1662,5262,3902,2692,298
$250,000 - $499,9991,1081,5392,1732,0552,5692,6522,2101,8692,1501,9021,8492,134
$500,000 - $749,999210225368309439521396304358293306369
$750,000 and above132162226253273335301222204206188216

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 – $99,999: increased 5.7 percent
    • $100,000 – $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?

 

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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!
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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.

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