State of the Market

State of the Market

Keeping your finger on the pulse is important in the Texas real estate market. As a knowledgeable Kingwood TX Realtor® this is something that I do daily. Staying abreast of the Houston and area market conditions is critical especially during times of national low consumer confidence and economic hardship. It is important to convey intelligent pricing information that can impact home buyers and sellers in the Houston real estate market. The Houston real estate market includes, Kingwood, The Woodlands, Atascocita, Humble, Spring and other outlying areas such as Katy and Sugarland.

Listen to the Podcast below from TexasRealEstate.com:

Is Housing Demand in Texas still Hot? Audio Link

 

New data released August 1, 2013 by the Texas Association of REALTORS® reveals that the demand for homes in Texas is still rising, and the median sales price hit another all-time high.

The 2013-Q2 Texas Quarterly Housing Report shows 17.78% more home sales than the same quarter last year. The 79,760 single-family homes sold in the state in Q2 is the highest number of homes sold in a single quarter since the Texas Quarterly Housing Report was launched in 2009.

Here are a few highlights from the latest report:

  • The median sales price in 2013-Q2 was $177,300, up 9.98% from the prior year.
  • The average sales price increased 10.44% from the prior year to $235,075 this quarter. Those are the highest figures for median and average price ever seen in Texas real estate.
  • The inventory of Texas homes continued to shrink. For 2013-Q2, the Texas market featured 4.1 months of inventory, which is 30.5% less than the same quarter of last year.

The report uses statistics from 48 multiple listing services in markets throughout Texas. Visit TexasRealEstate.com to download the full report.

ChartTexas A&M Real Estate Center Economic Report Download Here 

 

Houston MLS Press Release

Latest Information and market data from the Houston MLS. Multiple Listing Service of the Houston Association of Realtors® includes residential properties and new homes listed by 26,000 Realtors.

 

 

 Each Office Independently Owned and Operated.