July 2017 Houston, Texas Home Sales Statistics
Home sales continue to rise in Houston, TX, and the luxury market (homes prices $750,000 and up) saw the strongest numbers! While sales have increased in the Houston, TX market, pricing has begun to level out after almost a year of steady increases.
Below is the July 2017 Market Comparison Chart from HAR.COM:
|CATEGORIES||JULY 2016||JULY 2017||CHANGE|
|Total property sales||8,439||8,821||4.5%|
|Total dollar volume||$2,331,210,355||$2,505,395,252||7.5%|
|Total active listings||37,965||44,299||16.7%|
|Single-family home sales||7,083||7,440||5.0%|
|Single-family average sales price||$292,095||$299,131||2.4%|
|Single-family median sales price||$230,357||$230,000||-0.6%|
|Single-family months inventory*||4.0||4.5||0.5 mos.|
|Single-family pending sales||7,233||7,940||9.8%|
July 2017 Houston, Texas Rental Statistics
July marked an increase in the number of rentals, but a drop in the average monthly rent. Here are some statistics from HAR.COM:
- Average rent has decreased steadily. If you have a rental property up for lease on the market you should invest in a more aggressive marketing plan to get your property rented out faster.
- Number of rentals are increasing, if your property is sitting on the market still after several months try getting a market analysis report customized for your specific property and area. Ashoka Lion can easily provide you with one!
- If you have an investment property still on the market after several months now might be the time to employ a management company. Ashoka Lion lists your properties on over 50 websites to maximize your visibility and get your property rented FAST! Ashoka Lion also screens tenants, saving you the time and costs of multiple background, credit, rental history, and employment checks! And finally, save yourself the hassle of coordinating repairs by having a management company with dedicated staff to coordinate and follow up on all repairs. Contact Ashoka Lion today for more information on managing your investment portfolio!
READ MORE FROM HAR.COM HERE!