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

[wpcol_2third id=”” class=”” style=””]JANUARY NEWS YOU CAN USE
Housing Stats ∙ Homestead Exemption ∙ Tax Cuts & Jobs Act

HOUSTON HOME SALES SPIKE IN DECEMBER

The Houston housing market showed increased home sales and diminishing inventory at the end of 2017. December proved to be a strong month on both a monthly and yearly basis.

The year ended with total property sales and single-family sales up 3.5 percent from 2016. June was the stongest month on a monthly and yearly basis.

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

Month-to-Month Comparison:

Category	Jan. 2017	Feb. 2017	Mar. 2017	Apr. 2017	May 2017	June 2017	July 2017	Aug. 2017	Sept. 2017	Oct. 2017	Nov. 2017	Dec. 2017
Total Property Sales	4,997	6,111	8,495	8,014	9,744	9,993	8,821	7,077	8,150	7,614	7,270	8,125
Total Active Listings	34,958	35,685	37,926	39,567	41,257	43,326	44,299	42,822	40,848	39,692	37,914	33,432
Single-Family Home Sales	4,080	4,933	7,013	6,583	8,156	8,414	7,440	5,917	6,913	6,381	6,184	6,875
Townhome/Condominium Sales	379	495	652	594	715	665	572	399	470	536	481	535
Single_Family Months of Inventory	3.5	3.5	3.8	4.0	4.1	4.4	4.5	4.4	4.1	3.9	3.7	3.2
Single-Family Pending Sales	6,286	6,908	8,311	8,382	8,808	8,363	7,940	6,295	6,606	7,201	6,218	5,413
Days on Market	64	66	60	55	51	50	48	50	54	61	61	62

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

Price Range	Jan. 2017	Feb. 2017	Mar. 2017	Apr. 2017	May 2017	June 2017	July 2017	Aug. 2017	Sept. 2017	Oct. 2017	Nov. 2017	Dec. 2017
$1 - $99,999	167	203	217	193	227	206	202	160	192	212	242	247
$100,000 - $149,999	575	565	732	657	776	720	666	550	587	595	595	647
$150,000 - $249,999	1,362	1,684	2,386	2,253	2,705	2,761	2,549	2,166	2,526	2,390	2,269	2,298
$250,000 - $499,999	1,108	1,539	2,173	2,055	2,569	2,652	2,210	1,869	2,150	1,902	1,849	2,134
$500,000 - $749,999	210	225	368	309	439	521	396	304	358	293	306	369
$750,000 and above	132	162	226	253	273	335	301	222	204	206	188	216

Year-to-Year Comparison:

• Single-family home sales climbed 4.1 percent year-over-year with 6,875 units sold;
• Single-family home sales increased by 3.5 percent in 2017;
• Single-family home sales broken out by price range:
  • $1 – $99,999: increased 5.7 percent
  • $100,000 – $149,999: decreased 7.3 percent
  • $150,000 – $249,999: increased 4.5 percent
  • $250,000 – $499,999: increased 9.1 percent
  • $500,000 – $749,999: unchanged
  • $750,000 and above: decreased 11.2 percent
• Total December property sales increased 3.5 percent to 8,125 units sold;
• Total dollar volume for December increased 2.8 percent to $2.3 billion;
• Single-family homes months of inventory declined slightly to a 3.2-months supply;
• Days on Market for single-family homes was unchanged at 62;
• Townhome/condominium sales rose 3.2 percent, with the average price down 5.5 percent;
• Leases of single-family homes fell 3.6 percent with average rent up 3.3 percent to $1,745;
• Leases of townhomes/condominiums climbed 7.3 percent with average rent up 2.4 percent to $1,532.

>>>Read the entire release.

REMEMBER TO FILE FOR A HOMESTEAD EXEMPTION BEFORE APRIL 1, 2018

If you purchased a property prior to January 1, 2018; (2) you occupied it as your principal residence on January 1st; and (3) you and your spouse do not claim a residence homestead exemption on any other property, you could be eligible for a property tax exemption. Make sure you file by April 30, 2018.

Harris County:
Application for Residence Homestead Exemption (Fillable)

Harris County Appraisal District iPhone App

Fort Bend and Brazoria Counties:

Application for Residence Homestead Exemption

Waller County:
Application for Residence Homestead Exemption

HOW DOES THE TAX CUTS & JOBS ACT IMPACT HOMEOWNERS?

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LESLIE LERNER PROPERTIES WILL:

• List Homes $300,000 – $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
• $200,000 – $299,999 for 1.5%

>>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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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