Real Estate Market News for February - Leslie Lerner Properties

[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:

Category	Jan. 2018	Feb. 2018	Mar. 2018	Apr. 2018	May 2018	June 2018	July 2018	Aug. 2018	Sept. 2018	Oct. 2018	Nov. 2018	Dec. 2018
Total Property Sales	5,468	6,375	8,274	8,453	9,721	10,115	9,559	9,978	7,842	8,127	7,400	7,709
Total Active Listings	33,945	33,939	35,004	36,882	39,478	40,198	41,459	41,991	41,560	41,061	40,530	37,554
Single-Family Home Sales	4,104	5,260	6,810	7,070	8,157	8,518	8,108	8,358	6,548	6,716	6,159	6,543
Townhome/Condominium Sales	357	459	603	591	669	696	594	648	492	523	484	505
Single_Family Months of Inventory	3.3	3.2	3.4	3.6	4.0	4.1	4.2	4.1	4.0	3.9	3.9	3.5
Single-Family Pending Sales	6,313	6,912	8,327	8,766	8,991	8,396	8,467	8,084	6,630	7,039	6,052	5,120
Days on Market	67	65	63	56	52	48	48	49	52	57	60	64

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

Price Range	Jan. 2018	Feb. 2018	Mar. 2018	Apr. 2018	May 2018	June 2018	July 2018	Aug. 2018	Sept. 2018	Oct. 2018	Nov. 2018	Dec. 2018
$1 - $99,999	206	207	223	192	205	180	153	182	134	187	164	155
$100,000 - $149,999	458	514	577	529	586	620	517	563	453	540	410	455
$150,000 - $249,999	1,568	1,836	2,284	2,387	2,791	2,903	2,806	2,960	2,338	2,368	2,247	2,249
$250,000 - $499,999	1,247	1,548	2,091	2,284	2,688	2,780	2,636	2,577	1,920	2,038	1,917	2,168
$500,000 - $749,999	176	238	349	369	462	515	442	424	325	311	290	333
$750,000 and above	110	156	207	250	317	341	292	292	200	222	200	260

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.

INNOVATIVE PRODUCTS UNVEILED AT CES 2018

Many new “smart” inventions were exhibited last month at The International Consumer Electronics Show in Las Vegas. These are some products that won the Best of Innovations Award.
[wpcol_1third][/wpcol_1third] [wpcol_2third_end]SAMSUNG FAMILY HUB 3.0 REFRIGERATOR
The Family Hub™ in 2018 offers a wide range of smart features that allow consumers to do what they could not do before. These include syncing up food storage with meal preparation, keeping family members better connected and organized, and providing enhanced entertainment. Family Hub is also more intuitive and intelligent with the addition of Bixby voice control and its integration with Samsung’s SmartThings IoT ecosystem.[/wpcol_2third_end]

[wpcol_1third][/wpcol_1third] [wpcol_2third_end]LG 4k UHD PROJECTOR (HUB80KA)
Enjoy a premium theater experience in any room of your home with this laser projector that offers bright, detailed 4K picture quality and up to a 150″ cinematic display.[/wpcol_2third_end]

[wpcol_1third][/wpcol_1third] [wpcol_2third_end]AR4X OUTDOOR ARTIFICIAL INTELLIGENCE SECURITY CAMERA
AR4 is the world’s first PoE powered robotic camera that offers fast facial and objects recognition without the need of remote computers. AR4 can distinguish between animals, humans and vehicles.[/wpcol_2third_end]

[wpcol_1third][/wpcol_1third] [wpcol_2third_end]BANG & OLUFSEN BEOSOUND SHAPE
Unlike any other speaker system Bang and Olufsen lets you define the size, shape, color – even the sound performance according to your preferences. The modular tile concept behind BeoSound Shape is based on a single hexagon. Each tile serves a function as either speaker, amplifier or acoustic damper and can be pieced together in endless combinations and sizes, to serve rooms both big and small.[/wpcol_2third_end]

[wpcol_1third][/wpcol_1third] [wpcol_2third_end]WI-CHARGE LONG-RANGE WIRELESS POWER FOR MOBILE AND IOT APPLICATIONS
Wi-Charge technology provides a way of getting rid of the power cord, efficiently and safely. The technology makes charging at home, at the office, or in public places – practically anywhere – effortless and automatic enabling complete self-sufficiency in mobile devices.[/wpcol_2third_end]

[wpcol_1third][/wpcol_1third] [wpcol_2third_end]BUDDY – THE FIRST COMPANION ROBOT
BUDDY protects your home, offers assistance in the kitchen, entertains the family with music and videos, acts as a calendar and alarm clock and interfaces with popular smart home solutions, among many other activities.[/wpcol_2third_end]

[wpcol_1third][/wpcol_1third] [wpcol_2third_end]ELLI Q
Designed for older adults, ElliQ is the proactive Artificial Intelligence driven social robot designed to encourage an active and engaged lifestyle by suggesting activities and making it simple to connect with loved ones.[/wpcol_2third_end]

[wpcol_1third][/wpcol_1third] [wpcol_2third_end]MY SPECIAL AFLAC DUCK™
My Special Aflac Duck™ uses engaging play to help comfort children coping with cancer. The duck comes to life through naturalistic movement, distinct emotions, and an interactive app that enables kids to explore the duck’s virtual world. Read more about the Aflac Childhood Cancer Campaign™.[/wpcol_2third_end]

[/wpcol_2third][wpcol_1third_end id=”” class=”” style=””]All the service, for less money!

How do our Flat Fee Listings and Rebated Commissions work?

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LESLIE LERNER PROPERTIES WILL:

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