Real Estate Market News for June 2019

Leslie Lerner Properties

June News You Can Use

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Houston home sales in all price ranges gained momentum in May, while inventory continued to increase.  Since February, homes priced from $250,000 – $500,000 have had the largest gains.  Inventory of single-family homes increased to a 4.2-months supply. That is up from 3.9 months last year and is the largest supply of homes since August 2017. The average days on the market dropped to 53 days. Days on the market is closely tied to pricing the home correctly when initially listed. Homes that are overpriced, and do not correlate with location and condition, tend to sit on the market longer.

About the author

Leslie Lerner Properties understands that buyers and sellers are tired of having to account for high commission rates when budgeting for their home sale and/or purchase. That is why we have put our clients first by implementing flat fee listings and rebated real estate commissions. Our innovative approach to real estate commissions maximizes your return on investment. Why reduce the equity in your home with high commission rates? Leslie Lerner Properties is The Home of Flat-Fee Listings and Rebated Commissions.