West End Realty - Houston Real Estate Blog

Information about Houston real estate and Houston neighborhoods including Garden Oaks, Oak Forest, Houston Heights, Inner Loop Houston

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West End Realty - Houston Real Estate Blog

Market continues to outpace last year’s record performance

HOUSTON — (June 13, 2017) — Sales and rentals of homes throughout greater Houston continue to outpace 2016’s record performance, as May marked another month of strong consumer activity and growing inventory. The greatest sales gains took place among homes priced from $750,000 and above (categorized as the luxury market), followed by homes in the $150,000 to $249,999 range. May marked the seventh consecutive month of rising sales in the luxury segment.

A total of 8,156 single-family homes sold in May versus 7,315 a year earlier, according to the latest monthly report produced by the Houston Association of Realtors (HAR). That represents an 11.5 percent increase. On a year-to-date basis,

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APRIL MARKS ANOTHER POSITIVE MONTH FOR HOUSTON HOME SALES

Increased inventory helps prime the market for summer demand

HOUSTON — (May 10, 2017) — Consumers kept the Houston real estate market humming in April, with single-family home sales and pricing experiencing another month of gains and housing inventory reaching the highest level since last August. The strongest growth in sales activity took place among homes priced from $750,000 and above (considered the luxury market), followed by homes in the $250,000 to $499,999 range. For the luxury market, which took the brunt of the energy slump, April marked a sixth consecutive month of rising sales.

A total of 6,583 single-family homes sold in April versus 6,387 a year earlier, according to

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HOUSTON HOME SALES AND PRICING RISE AGAIN IN FEBRUARY

Homes at $250K and up record strongest sales; inventory grows slightly

HOUSTON — (March 8, 2017) — The Houston real estate market held to positive territory for the second month of 2017, with single-family home sales and pricing both climbing in February. Homes priced at $250,000 and above saw the strongest sales volume, and the luxury market ($750,000 and above) enjoyed a fourth consecutive month of positive sales.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), a total of 4,933 single-family homes sold in February compared to 4,743 a year earlier. That represents a 4.0 percent increase. Housing inventory grew slightly from a 3.4-months

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HOUSTON HOME SALES ACHIEVE RECORD VOLUME IN 2016

Houston real estate conquers energy slump to complete its strongest year ever

HOUSTON — (January 11, 2017) — Despite the slowdown that economists predicted as falling oil prices and resulting energy industry layoffs carried over from 2015, the Houston housing market held steady throughout 2016 and gained momentum in the final months of the year to set a new record for home sales. Homes priced at $500,000 and up, which experienced declining sales from August 2015 through October 2016 as a result of the energy slump, achieved an impressive turnaround with double-digit sales increases in November and December.

Full-year 2016 single family home sales totaled 76,449,

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Home sales volume keeps pace with 2015 while pricing achieves October highs


HOUSTON — (November 9, 2016) — Despite continued strains within the energy industry and jitters surrounding the outcome of the presidential election, the Houston housing market held steady for a second straight month. Home sales in October were statistically unchanged compared to October 2015. Homes priced between $150,000 and $500,000 experienced positive sales volume while the market’s high and low ends saw declines, mirroring September’s trends. Both median and average price reached record highs for an October.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), a total of 5,916 single-family homes sold in October compared

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Mid-range housing is the sweet spot; prices reach September highs

HOUSTON — (October 13, 2016) — Unlike the temperature, single-family home sales throughout greater Houston cooled a bit in September, with a fractional 0.5 percent year-over-year decline. Homes priced between $150,000 and $500,000 saw positive sales volume while the market’s high and low ends experienced declines. Both median and average price reached record highs for a September.

According to the latest monthly report prepared by the Houston Association of REALTORS® (HAR), a total of 6,652 homes sold in September compared to 6,685 a year earlier. On a year-to-date basis, however, home sales are up 1.3 percent compared to this point in 2015. Inventory levels rose from a 3.5-months

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A healthier supply of inventory helps meet strong buyer demand; sales volume reaches historic high

HOUSTON — (September 14, 2016) — After a down month in July, Houston single-family home sales roared back in August with an 8.2 percent year-over-year increase that was fueled by a growing supply of inventory for buyers. August also marked the highest one-month single-family home sales volume of all time, and the first time in a year that homes priced above $500,000 experienced a sales gain. In fact, only homes priced below $150,000 saw sales volume decline.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), a total of 7,914 homes sold in August. That is the greatest one-month volume since July 2015, when

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MLS Report for July 2016 HOUSTON-AREA HOME SALES COOL IN JULY

Single-family home sales decline for the first time since January while inventory remains over 2015 levels

HOUSTON — (August 10, 2016) — The greater Houston real estate market experienced its first sales decline in six months in July, with the sharpest drop in volume reported among homes on the highest and lowest ends of the pricing spectrum.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), a total of 7,204 homes sold in July compared to 7,898 a year earlier. That represents a drop of 8.8 percent, the first decline since January. However, on a year-to-date basis, home sales are still up about one percent compared to this point in

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HOUSTON (February10, 2016) The Houston housing market kicked off 2016 with a strong month of sales, only about 2 percent off the January record, despite the ongoing effects of strains in the energy industry. Single-family homes priced between $150,000 and $250,000 saw year-over-year sales increase by nearly 9 percent while total property sales remained unchanged.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), January single-family home sales were down 2.1 percent versus January 2015 with a total of 4,024 sales compared to 4,109 a year earlier. An increase in new listings helped buoy a growth in inventory from a 2.5-months supply to 3.3 months.

"A lot of folks have nervously anticipated that

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THE HOUSTON REAL ESTATE MARKET ENDS 2015 WITH THE SECOND-HIGHEST SALES VOLUME OF ALL TIME

Slumping oil prices and limited inventory slow home buying for a third straight month in December

HOUSTON (January 13, 2016) Houston real estate faced a stiff challenge in 2015. It followed the best year on record for home sales. Add plunging oil prices and the resulting layoffs into the mix along with persistently low levels of housing inventory, and the result was the drop in sales that economists had forecast. While there were single-digit declines in sales volume at different times throughout the year, more substantial ones struck during the fourth quarter, including December. Nonetheless, the total number of 2015 single-family home sales as

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