Spring home buying has begun. Lower interest rates could have influenced Houston area home sales to improve in March. Single-family homes flourished in all price ranges. Homes priced from $250,000 – $499,000 had the strongest activity in February and March. Single-family homes inventory hit a 3.9-months supply. Inventory across the U.S. is currently at 3.5-months supply according to the National Association of Realtors. Days on on market dropped to 64 days.
|Category||Jan. 2019||Feb. 2019||Mar. 2019||Apr. 2019||May 2019||June 2019|
|Total Property Sales||5,011||6,388||8,475||9,063||9,948||9,461|
|Total Active Listings||38,872||39,304||41,127||42,086||43,624||45,262|
|Single-Family Home Sales||4,100||5,280||7,072||7,586||8,346||8,097|
|Single-Family Months of Inventory||3.7||3.7||3.9||4.0||4.2||4.4|
|Single-Family Pending Sales||6,528||7,310||8,740||9,467||9,169||8,796|
|Days on Market||65||68||64||57||53||49|
|Price Range||Jan. 2019||Feb. 2019||Mar. 2019||Apr. 2019||May 2019||June 2019|
|$1 - $99,999||155||153||188||135||171||132|
|$100,000 - $149,999||340||392||461||438||445||377|
|$150,000 - $249,999||1,496||1,905||2,428||2,653||2,982||2,794|
|$250,000 - $499,999||1,164||1,647||2,275||2,543||3,009||2,846|
|$500,000 - $749,999||169||239||345||400||517||497|
|$750,000 and above||107||142||238||284||372||334|
Leslie Lerner was recognized as one of Houston Agent Magazine’s Who’s Who 2019. Read more about Leslie, Houston’s first full service flat fee Realtor. Leslie Lerner Properties is The Home of Flat Fee Listings and Rebated Commissions.