how many days of inventory of housing in heights area

Hi Robert,
It has changed a lot since you asked:) have you found something? It depends a lot on the price point. Inexpensive properties still go quite fast. On the luxury side, they take longer and it is becoming a buyer's market.
Best.

Short answer, about 4-6 moths worth.

HI Robert!

Looking at the current time on the market is an important factor to consider when both selling and purchasing.

A couple of things should be considered when looking at The Heights market:

1) The Heights is essentially broken up into different areas (Sunset Heights, Houston Heights, Woodland Heights, and even looking west of Durham into Shady acres, Cottage Grove and Lazy Brook/Timbergrove).

2) Each area is going to represent a different market with varying inventory, price points, single family vs. town home (may or may not be coded appropriately), resale vs. new construction (not all of which are listed on MLS), etc.

3) To compare appropriately, I'd want to know what exactly you're looking to sale or purchase so that we can use that as the point of comparison.

4) Days on market and cumulative days on market are two different things to consider.

5) Different price brackets are going to vary drastically in their days of inventory (Ex: Under $500,000 compared to $850,000).

In a nut shell the Heights has a large inventory of homes and townhomes currently available for sale. When searching just "Houston Heights" single family inventory there are currently 176 single family homes currently available with an average of 75 days on market, 115 cumulative days on market.

In essence this high inventory relative to the number of actual purchasers is advantageous to the buyer. There are lot of options available. For sellers it is all the more important to stage the home so that it is show ready, have professional photography, and price the home correctly in relation to the completion!

Hope this helps and feel free to reach out if you have any additional questions or want more detailed information on a specific area, price point, etc.

Darby Grimmett
Keller Williams
936-827-9217
darby@darbygrimmett.com

Single Family Homes - 5.3 Months Inventory
(565 Active, Avg. Price $598,903)
The inventory number for single families may be a little to high because some people list Town homes (attached) as single family.


Town homes/Condo 3.7 Months of inventory
(52 Active Avg $411,813)
This number could be larger because all of the new town homes under construction that are not on MLS.