Tag Archives: Home Buying

04 Dec
Early Look At November Home Sales In Houston – Sales Near November 2013, Little Change In Inventory

My early analysis of available data from The Houston Association of REALTORS® (HAR) indicates that the number of single family homes sold in November will be near the number sold in November, 2013. There were 5,052 single family homes sold in November, 2013. The number of single family homes sold in Houston in November 2014 will be near that level, I believe the final result will be slightly higher than 2013.

27 Oct
Home Sales in Houston’s River Oaks/Avalon Neighborhoods Increase Despite Lack Of Inventory

A year ago, when one wanted a million dollar plus home Houston’s River Oaks and Avalon neighborhoods came first to mind. Now in River Oaks/Avalon $2 million is the new $1 million. Finding a good home priced under $2 million has become rare in River Oaks/Avalon. The graphic above shows home sales comparison for the first nine months of 2014 compared to the same period a year ago.

24 Oct
Houston Home Sales Inside Loop Up 3.4% During First Nine Months – Prices Climb

The graphic above shows the number of homes sold inside Houston’s Loop 610 in 2014 compared to the same period last year. Overall sales inside the Loop are up 3.4%. Prices have increased substantially with many fewer homes now priced under $350,000. This has caused a significant drop in the number of homes sold under $350,000. In 2011, 52.5% of all homes sold inside Loop 610 were under $350,000. So far this year, homes priced under $350,000 account for only 28.8% of homes sold.

19 Aug
The Houston Real Estate Market Remains Hot In July

The Houston housing market eked out another month of positive sales in July with prices up and the supply of homes continuing to grow, albeit slightly. Sales volume reached the highest monthly total ever recorded.

Housing inventory, which fell to 40-year lows earlier this year, has edged up each of the last three months, reaching a 3.0-months supply in July. Prices climbed to the highest levels for a July, but were lower than June’s all-time record highs. Sales among homes priced between $250,000 and the millions showed the greatest strength, while Days on Market, or the number of days a home takes to sell, fell to a record low of 45.