Tag Archives: Home Buying

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.

09 Oct

The fall home buying season began with gusto in Houston as sales and prices did in September what they have done for months – rose. The continued buying frenzy caused housing inventory to shrink very slightly after holding steady for two consecutive months. And in another scenario that has become all too familiar in this market, prices reached record one-month highs.

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.

12 Aug
It Is Official – Houston July Single Family Home Sales Set Records, Both Dollar Volume and Number of Sales

As you read here earlier, the number of Houston single family (SF) homes sold in July 2014 increased compared to July 2013. The Houston Association of REALTORS® (HAR) released statistics indicating 7,769 SF homes were sold in July, 1.0% more than July 2013 and 1.0% more than June 2014. The number of SF sales in July set an all time record.