First Blog Post!!!
Welcome to @ReplyOnTodd (Todd Johnson Real Estate Agent)!!!
This is my first post on this blog. I plan to post various articles and statistics relating to real estate, lifestyle, sports, Houston happenings and will find fun success stories sayings, etc. You may also see some things shared about questions and experiences of sellers, buyers, colleagues. I look forward to sharing and getting to know all of those that follow. I hope you walk away from each blog with at an interesting "nugget' of information or something positive to share with friends, family, and colleagues!!! Thanks for following my blog!!!
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RIP Mr. Arnold Palmer!!!
With Great Sadness, We Honor Our Beloved
Arnold Palmer
1929-2016
http://iam.arniesarmy.org/?ref=http://www.arnoldpalmer.com/
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Quote of the Day:
"You are always one decision away from totally different life"
--Agent Seven * Instagram
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Articles: Houston Real Estate Happenings
Including--Houston History: The Heights & Houston Multifamily Market Continues To Slide, Axiometrics Finds
https://mail.google.com/mail/u/0/?tab=wm#search/bisnow/157669575e787738
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Houston's monthly housing market indicators were positive across the board compared to August 2015. On a year-over-year basis, single-family homes sales, total property sales and total dollar volume all rose while both the median and average home prices climbed to record August highs. August also marked the greatest one-month single-family home sales volume of all time.
Month-end pending sales for single-family homes totaled 7,359, an increase of 10.1 percent compared to last year. Total active listings, or the total number of available properties, at the end of August rose 12.4 percent from August 2015 to 38,056.
Single-family homes inventory jumped from a 3.5-months supply to 4.0 months. For perspective, housing inventory across the U.S. currently stands at a 4.7-months supply, according to the latest report from the National Association of Realtors (NAR).
| CATEGORIES | AUGUST 2015 | AUGUST 2016 | CHANGE |
| Total property sales | 8,699 | 9,319 | 7.1% |
| Total dollar volume | $2,321,458,169 | $2,567,194,524 | 10.6% |
| Total active listings | 33,856 | 38,056 | 12.4% |
| Single-family home sales | 7,314 | 7,914 | 8.2% |
| Single-family average sales price | $282,613 | $289,519 | 2.4% |
| Single-family median sales price | $216,000 | $225,000 | 4.2% |
| Single-family months inventory* | 3.5 | 4.0 | 14.7% |
| Single-family pending sales** | 6,685 | 7,359 | 10.1% |
* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.
The lease market had a mixed performance in August. Single-family home leases declined 2.2 percent, while townhome/condominium leases rose 5.7 percent. The average rent for single-family homes was down 1.2 percent at $1,878 and the average rent for townhomes/condominiums fell 2.6 percent to $1,604.
- Single-family home sales rose 8.2 percent with a total of 7,914 units sold —the greatest one-month sales volume of all time
- On a year-to-date basis, single-family home sales are up 1.5 percent;
- Total property sales rose 7.1 percent to 9,319 units;
- Total dollar volume shot up 10.6 percent to $2.6 billion;
- At $225,000, the single-family home median price rose 4.2 percent to an August high;
- The single-family home average price increased 2.4 percent to $289,519, which was also the highest level for an August;
- Single-family homes months of inventory climbed to a 4.0-months supply;
- Townhome/condominium sales rose 5.1 percent, with the average price up 1.0 percent to $202,669 and the median price up 4.0 percent to $156,000;
- Leases of single-family homes were down 2.2 percent with average rent down slightly to $1,878;
- Leases of townhomes/condominiums rose 5.7 percent with average rent down 2.6 percent to $1,604.
The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.
The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.)
Founded in 1918, the Houston Association of REALTORS® (HAR) is a 32,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.
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