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May 10, 2017
by Leslie Lerner Properties
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Real Estate Market News for May 2017 – Leslie Lerner Properties – Houston Realtor

MAY NEWS YOU CAN USE
Housing Stats ∙ Protesting Taxes ∙ Memorial Day Sales Tax Holiday

HOUSTON HOME SALES DECLINE IN APRIL, BUT BETTER THAN APRIL 2016

Houston home sales increased slightly in April 2017 versus a year earlier. A total of 6,583 single family homes sold compared to 6,387 in April 2016. Sales activity slightly decreased compared to March 2017. This April, the strongest sales activity was among homes priced in the $750,000 and above range.

Single-family homes inventory rose from 3.8-months supply in March to 4.0 months in April. Across the U.S., inventory is at a 3.8-months supply. The average days on the market fell to 55 days.

>>>Learn more about the Houston real estate market, protesting taxes and the Memorial Day Sales Tax Holiday.

February 8, 2017
by Leslie Lerner Properties
Comments Off on Real Estate Market News for February 2017 – Leslie Lerner Properties – Houston Realtor

Real Estate Market News for February 2017 – Leslie Lerner Properties – Houston Realtor

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.

>>>Learn more about market statistics, month-to month market changes and innovative products from CES 2017.

January 12, 2017
by Leslie Lerner Properties
Comments Off on Real Estate Market News for January 2017 – Leslie Lerner Properties – Houston Realtor

Real Estate Market News for January 2017 – Leslie Lerner Properties – Houston Realtor

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.

>>>Learn more about Houston housing statistics, the homestead exemption and preventing burst pipes during a freeze.

April 14, 2016
by Leslie Lerner Properties
Comments Off on Real Estate Market News for April – Leslie Lerner Properties – Houston Realtor

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

APRIL NEWS YOU CAN USE
Housing Stats ∙ Spring Cleaning Made Easy

HOUSTON REAL ESTATE MARKET SUSTAINING ITSELF DESPITE ENERGY SLOWDOWN

During the month of March, the Houston housing market showed positve sales among mid-range homes and inventory continued to grow. The Greater Houston Partnesrship stated that Census Data showed that the Houston metropolitan area lead the nation in population growth in 2015, with the addition of 159,000 new residents. This infux of new residents could be fueling the current home sales despite the energy industry layoffs.

March sales of all property types in Houston was down 1% from the same month last year. Single family-home sales declined 2.2 percent versus March 2015. Total dollar volume for properties sold in March fell 2.5 percent. New listings increased inventory from a 2.8-months supply to 3.6 months.

>>>Read More

January 15, 2015
by Leslie Lerner Properties
Comments Off on Real Estate Market News for January 2015- Leslie Lerner Properties – Houston Realtor

Real Estate Market News for January 2015- Leslie Lerner Properties – Houston Realtor

JANUARY NEWS YOU CAN USE
Housing Stats ∙ New Innovations for the Home Unveiled

HOUSTON REAL ESTATE MARKET BROKE RECORDS IN 2014

2014 was a record year for the Houston housing market with home sales volume and prices at record highs while inventory levels were at record lows. There were 75,319 single-family closings and 91,202 total closings, representing the most transactions in the history of Houston real estate. Months inventory began the year at a 2.6-months supply, and while it crept up to a 3.0-months supply over the summer, it ended the year at a record low 2.5-months supply. According to the Texas Workforce Commission, the extreme real estate activity was primarily driven by the addition of more than 125,000 jobs that attracted buyers and renters from across the U.S. and around the world between November 2013 and November 2014.

December sales of all property types in Houston totaled 7,695, an 11.0 percent increase over the same month last year. December single-family home sales increased 11.6 percent versus December 2013 while total property sales rose 11.0 percent.

>>>Read more about 2014’s housing stats, new innovations and more.