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OCTOBER NEWS YOU CAN USE
Housing Stats ∙ Houston Area Fall Festivals

HOUSTON HOME SALES REBOUND IN SEPTEMBER

Houston home sales bounced back in September after a decline in August. Due to increased home sales, inventory has decreased to a 4.1-months supply, but prices have stayed steady.

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. 2017
Total Property Sales4,9976,1118,4958,0149,7449,9938,8217,0778,1507,6147,270
Total Active Listings34,95835,68537,92639,56741,25743,32644,29942,82240,84839,69237,914
Single-Family Home Sales4,0804,9337,0136,5838,1568,4147,4405,9176,9136,3816,184
Townhome/Condominium Sales379495652594715665572399470536481
Single_Family Months of Inventory3.53.53.84.04.14.44.54.44.13.93.7
Single-Family Pending Sales6,2866,9088,3118,3828,8088,3637,9406,2956,6067,2016,218
Days on Market6466605551504850546161

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

Price RangeJan. 2017Feb. 2017Mar. 2017Apr. 2017May 2017June 2017July 2017Aug. 2017Sept. 2017Nov. 2017
$1 - $99,999167203217193227206202148159237
$100,000 - $149,999575565732657776720666531580587
$150,000 - $249,9991,3621,6842,3862,2532,7052,7612,5492,0422,3892,225
$250,000 - $499,9991,1081,5392,1732,0552,5692,6522,2101,8382,1371,819
$500,000 - $749,999210225368309439521396315352298
$750,000 and above132162226253273335301228220187

Year-to-Year Comparison:

  • Single-family home sales staged an impressive post-Hurricane Harvey rebound, rising 4.2 percent year-over-year with 6,913 units sold;
  • Single-family home sales broken out by price range:
    • $1 – $99,999: decreased 20.7 percent
    • $100,000 – $149,999: decreased 23.2 percent
    • $150,000 – $249,999: increased 6.0 percent
    • $250,000 – $499,999: increased 14.8 percent
    • $500,000 – $749,999: increased 20.4 decreased
    • $750,000 and above: increased 4.2 percent
  • Total property sales rose 3.4 percent with 8,150 units sold;
  • Total dollar volume jumped 10.2 percent to $2.3 billion;
  • Single-family homes months of inventory rose year-over-year from a 3.9-months supply to 4.1 months, but that is below the healthier 4.4-months supply that prevailed during the two months leading up to Harvey;
  • Days on Market for single-family homes edged up from 53 to 54 days;
  • Townhome/condominium sales fell 5.8 percent, with the average price up 3.5 percent;
  • Leases of single-family homes shot up an unprecedented 83.6 percent with average rent up 7.9 percent to $1,886;
  • Volume of townhome/condominium leases surged 92.2 percent with average rent up 5.4 percent to $1,601.

>>>Read the entire release.

HOUSTON AREA FALL FESTIVALS

There is so much to do in the Houston area this time of year. Below are some festivals you may want to attend.

Texas Renaissance Festival
Weekends from September 30 – November 26, 2017
21778 FM 1774, Todd Mission, Texas 77363
 
Fall Festival and Pumpkin Patch at Blessington Farms
Every weekend through October 29, 2017
510 Chisholm Rd., Simonton, TX 77476

Houston Italian Festival
October 12 – 15, 2017
3800 Montrose Blvd., Houston, TX 77006

Conroe Cajun Catfish Festival
October 13 – 15, 2017
Downtown Conroe, 101 S. Main St., Conroe, TX 77301

Taste of Houston Festival at Town Green Park
October 14 – 15, 2017
Town Green Park, 2099 Lake Robbins Dr., The Woodlands, TX 77380

ZiegenBock Music Festival 2017
October 14, 2017
Sam Houston Race Park, 7575 North Sam Houston Parkway, West Houston, TX

Bayou City Art Festival 2017
October 14 – 15, 2017
901 Bagby St, Houston, Texas 77002

Katy Rice Harvest Festival 2017
October 14 – 15, 2017
Historic Downtown Katy 910 Avenue C, Katy, TX 77493

Harris County Fair 2017
October 17 – 21, 2017
Waller County Fairgrounds 22000 Fairground Rd., Hempstead, TX 77445

Trill Comedy Festival 2017
October 19 – 22, 2017
Station Theater, 1230 Houston Avenue, Houston, TX 77007

East End Street Fest
October 21, 2017
2500 Navigation Boulevard, Houston, TX 77003

Texian Market Days
October 21, 2017
George Ranch Historical Park, 10215 FM 762, Richmond, TX 77469

Wings Over Houston Airshow 2017
October 21 – 22, 2017
Ellington Airport, 11602 Aerospace Ave, Houston, TX 77034

Energy Day Festival 2017
October 21, 2017
Sam Houston Park, 1000 Bagby St., Houston, TX 77002

The Kingwood Oktoberfest 2017
October 21, 2017
Holy Comforter Lutheran Church, 1901 Woodland Hills Dr., Kingwood, TX 77339

International Quilt Festival at George R. Brown Convention Center 
November 2 – 5, 2017
George R. Brown Convention Center, 1001 Avenida de las Americas, Houston, TX 77010

22nd Annual Children’s Festival
November 11 – 12, 2017
Cynthia Woods Mitchell Pavilion, 2005 Lake Robbins Dr., Houston, TX 77380

HEB Thanksgiving Parade
November 23, 2017
Downtown Houston

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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.

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