What Real Estate Trends Are Taking Hold in Houston?


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Hey everyone, thanks again for joining us for another market update. The spring market, one of the busiest times of the year, is nearly upon us. Today we are going to go through some of the current numbers for the Houston real estate market, and let you know what the numbers mean for the state of our market.
    Houston Real Estate Agent
  • Single-family home sales are up about 6%, and home sales are up 2.5% overall. 
  • Our dollar volume is up slightly from last year.
  • The average days on market is currently at 57.
  • Inventory is still low in some areas, but is steadily creeping up.
  • We expect home appreciation to remain steady in 2015, at around 4-6%.
We are currently in a seller's market, but things are starting to even back out. Builders will be catching up with demand, and the disparity between buyers and sellers will probably even out sooner rather than later. There have been a lot of rumblings lately about oil prices, but as far as we can tell, they haven't had an immediate effect on the housing market. We will keep an eye on this as the year progresses.

If you have any questions for us at all about the market, we would be glad to help you out. We want to be your #1 resource for real estate news and information, and we are always just a phone call or email away!
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.