In 2010 started TEXdot Realtors, Inc. - Broker Owner, small mom shop. Taking care of family and friends is my livelihood.
Serving Houston Association of Realtors Management Central Advisory Group
Current Member (2018) of Houston Independent Real Estate Brokers Association (HIREBA)
Received Jr. Achievement in 2008
CURRENT MARKET CONDITIONS
Multiple Listing Service of the Houston Association of REALTORS® includes resMultiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 37,000 REALTORS® HOUSTON HOME SALES AND PRICES GAIN MOMENTUM IN MAY Supply of homes outpaces 2018, helping to meet increased demand HOUSTON — (June 12, 2019) — Encouraged by continued low interest rates and a growing selection of housing options, home buyers kept the greater Houston real estate market in positive territory for a fourth straight month in May. As it did in April, the luxury segment (homes priced at $750,000 and above) led the way in sales volume, and rental properties moved briskly. Housing inventory grew to its largest level since August 2017, meeting consumer demand as the market prepares to segue into summer. Sales of single-family homes increased 2.8 percent in May, according to the latest monthly report from the Houston Association of Realtors® (HAR), with 8,346 homes sold compared to 8,117 in May 2018. On a year-to-date basis, home sales are running 2.7 percent ahead of 2018's record pace. The prices of a single-family home reached historic highs in May. The median price (the figure at which half of the homes sold for more and half sold for less) rose 2.4 percent to $249,993 and the average price climbed 5.8 percent to $323,023. The last pricing highs were reached almost a year ago, in June 2018. May sales of all property types totaled 9,948, up 3.1 percent compared to the same month last year. Total dollar volume for the month jumped 7.8 percent to slightly more than $3 billion. "We are seeing signs of a healthy and sustainable housing market throughout greater Houston, and that is due to a more plentiful supply of homes, continued low interest rates and a strong local economy," said HAR Chair Shannon Cobb Evans with Heritage Texas Properties. "In addition to solid home sales, consumers are still snapping up rental properties, an
See full report at https://www.texdotrealtors.com/blog/houston-home-sales-and-prices-gain-momentum-in-may/ (copy and paste link)
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