Houston home sales were down for an 18th consecutive month in September. Single-family home sales across the market fell 10.9 percent year-over-year. Months supply of homes climbed to 3.5, the highest level since November 2019 when it was at a 3.6-months supply. Houston area homes averaged 45 days on the market in September.
Per HAR / MLS:
| Category | Jan. 2023 | Feb. 2023 | Mar. 2023 | Apr. 2023 | May 2023 | June 2023 | July 2023 | Aug. 2023 | Sept. 2023 | Oct. 2023 | Nov. 2023 | Dec. 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Property Sales | 5,650 | 6,981 | 9,589 | 8,912 | 10,476 | 10,382 | 9,223 | 9,780 | 8,550 | 7,825 | 7,472 | 7,395 |
| Total Active Listings | 33,606 | 33,109 | 33,442 | 33,203 | 33,919 | 36,431 | 37,079 | 38,439 | 39,632 | 40,630 | 40,724 | 38,028 |
| Single-Family Home Sales | 4,549 | 5,723 | 7,907 | 7,310 | 8,637 | 8,582 | 7,557 | 7,983 | 6,886 | 6,377 | 6,154 | 6,103 |
| Townhome/Condominium Sales | 352 | 441 | 552 | 577 | 670 | 687 | 645 | 610 | 552 | 497 | 463 | 435 |
| Single-Family Months of Inventory | 2.7 | 2.6 | 2.7 | 2.7 | 2.8 | 3.1 | 3.2 | 3.3 | 3.5 | 3.6 | 3.5 | 3.3 |
| Single-Family Pending Sales | 7,167 | 7,546 | 9,043 | 8,988 | 9,146 | 8,634 | 8,447 | 7,842 | 6,676 | 6,669 | 6,069 | 5,723 |
| Days on Market | 59 | 63 | 62 | 55 | 48 | 45 | 42 | 42 | 45 | 47 | 47 | 56 |
| Price Range | Jan. 2023 | Feb. 2023 | Mar. 2023 | Apr. 2023 | May 2023 | June 2023 | July 2023 | Aug. 2023 | Sept. 2023 | Oct. 2023 | Nov. 2023 | Dec. 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1 - $99,999 | 25 | 20 | 44 | 22 | 29 | 29 | 35 | 24 | 26 | 24 | 28 | 37 |
| $100,000 - $149,999 | 78 | 89 | 104 | 88 | 97 | 106 | 94 | 112 | 111 | 93 | 79 | 83 |
| $150,000 - $249,999 | 766 | 916 | 1,125 | 998 | 1,072 | 1,007 | 891 | 1,053 | 892 | 909 | 872 | 797 |
| $250,000 - $499,999 | 2,179 | 2,488 | 3,788 | 3,514 | 4,150 | 4,175 | 3,667 | 3,851 | 3,265 | 3,089 | 3,078 | 3,055 |
| $500,000 - $749,999 | 436 | 554 | 851 | 830 | 1,044 | 1,058 | 908 | 921 | 773 | 639 | 648 | 640 |
| $750,000 and above | 220 | 276 | 466 | 492 | 634 | 654 | 544 | 539 | 431 | 386 | 352 | 346 |
Leslie Lerner was recognized as one of Houston Agent Magazine’s Who’s Who 2022. This month the magazine highlighted Leslie Lerner as an industry standout. Leslie Lerner Properties offers buyer and sellers a money-saving commission structure with flat fee listings and rebated commissions.
This November 7th (Early voting is Oct 23 through Nov 3.), the Texas voter’s ballot will contain fourteen (14) proposed constitutional amendments.
Proposition 4 would deliver the biggest property tax relief package in Texas history by raising the homestead tax exemption to $100,000 (up from $40,000) and authorizing the state to send more money to local school districts (also referred to as “compression”). These changes will help reduce property taxes for both homeowners and non-homestead properties.
Other proposed amendments include:
Proposition 1 – Protect the Right to Farm
Proposition 1 preserves property rights, protects one of the largest industries in Texas, and ensures Texans will have reliable access to safe and affordable food. It would preserve certain rights related to agricultural activities on private property in the Texas Constitution.
Propositions 6, 7, and 8 establish funds to make investments in the state’s water, electricity, and broadband infrastructure.
Proposition 6 would provide a critical source of funding to protect our water quality, ensuring Texans have plenty of clean water and preserving real estate values for the future.
Proposition 7 protects real estate values by helping to ensure that the Texas energy grid can meet the demands of tomorrow.
Proposition 8 elevates real estate values by bringing critical broadband infrastructure to areas in need of service.
