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

[wpcol_2third id=”” class=”” style=””]FEBRUARY NEWS YOU CAN USE
Housing Stats ∙ Innovative Products Unveiled at CES 2018

HOUSTON HOME SALES SLOW DOWN AS INVENTORY INCREASES

The Houston housing market showed increased inventory, as property sales continued to decline in January. On a month-to-month basis, sales decreased in all price ranges. Overall, sales of single-family homes were 8.9 percent higher than January 2017.

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

Month-to-Month Comparison:

CategoryJan. 2018Feb. 2018Mar. 2018Apr. 2018May 2018June 2018July 2018Aug. 2018Sept. 2018Oct. 2018Nov. 2018Dec. 2018
Total Property Sales5,4686,3758,2748,4539,72110,1159,5599,9787,8428,1277,4007,709
Total Active Listings33,94533,93935,00436,88239,47840,19841,45941,99141,56041,06140,53037,554
Single-Family Home Sales4,1045,2606,8107,0708,1578,5188,1088,3586,5486,7166,1596,543
Townhome/Condominium Sales357459603591669696594648492523484505
Single_Family Months of Inventory3.33.23.43.64.04.14.24.14.03.93.93.5
Single-Family Pending Sales6,3136,9128,3278,7668,9918,3968,4678,0846,6307,0396,0525,120
Days on Market676563565248484952576064

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

Price RangeJan. 2018Feb. 2018Mar. 2018Apr. 2018May 2018June 2018July 2018Aug. 2018Sept. 2018Oct. 2018Nov. 2018Dec. 2018
$1 - $99,999206207223192205180153182134187164155
$100,000 - $149,999458514577529586620517563453540410455
$150,000 - $249,9991,5681,8362,2842,3872,7912,9032,8062,9602,3382,3682,2472,249
$250,000 - $499,9991,2471,5482,0912,2842,6882,7802,6362,5771,9202,0381,9172,168
$500,000 - $749,999176238349369462515442424325311290333
$750,000 and above110156207250317341292292200222200260

Year-to-Year Comparison:

  • Single-family home sales rose 8.9 percent year-over-year, with 4,469 units sold;
  • Single-family home sales broken out by price range:
    • $1 – $99,999: increased 3.7 percent
    • $100,000 – $149,999: decreased 14.1 percent
    • $150,000 – $249,999: increased 15.0 percent
    • $250,000 – $499,999: increased 22.0 percent
    • $500,000 – $749,999: decreased 10.0 percent
    • $750,000 and above: decreased 6.3 percent
  • Total property sales increased 8.7 percent with 5,468 units sold;
  • Total dollar volume climbed 6.3 percent to $1.4 billion;
  • Single-family homes months of inventory was unchanged year-over-year at a 3.3-months supply;
  • Days on Market for single-family homes increased slightly from 65 days in January 2017 to 67 days this January;
  • Townhome/condominium sales fell 1.3 percent, with the average price up 2.1 percent;
  • Leases of single-family homes rose 1.9 percent with the average rent up 1.4 percent to $1,748;
  • Volume of townhome/condominium leases fell 5.3 percent with average rent up 1.3 percent to $1,516.

>>>Read the entire release.

[/wpcol_2third][wpcol_1third_end id=”” class=”” style=””]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 $200,000 – $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

>>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.

[/wpcol_1third_end]