Low Interest Rates Help Give Houston Real Estate A Strong Start In January 2020

Dated: 02/12/2020

Views: 205

Houston real estate selling season has started early this year primarily due to continued low interest rates and now is a fantastic time to consider selling or buying real estate! Give us a call to discuss the market and how we can help you sell quickly for top dollar and/or purchase a home and negotiate the best offer! 

Image title

Houston Real Estate Highlights in January

  • Single-family home sales jumped 14.3 percent year-over-year, with 4,699 units sold, marking the seventh consecutive month of positive sales;

  • Days on Market (DOM) for single-family homes extended slightly from 66 to 68 days;

  • Total property sales surged 15.2 percent, with 5,800 units sold;

  • Total dollar volume rose 17.1 percent to about $1.6 billion;

  • The single-family home median price increased 4.5 percent to $234,000, reaching a January high;

  • The single-family home average price climbed 4.6 percent to a January high of $291,034;

  • Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last January but above the national inventory level of 3.0 months;

  • Townhome/condominium sales jumped for a second straight month – up 20.9 percent, with the average price down 3.5 percent to $186,582 and the median price down 5.2 percent to $149,750;

  • Lease properties experienced a strong performance, as single-family home rentals climbed 14.5 percent with the average rent up 1.7 percent to $1,782;

  • Volume of townhome/condominium leases rose 5.6 percent with the average rent up 5.9 percent to $1,598.

Click here to read the full report

Russell and Melissa Banki

Best Priced Properties Team

Helping our clients with all of their real estate goals!


Blog author image

Melissa Banki | REALTOR® GRI CNE

REALTOR®, GRI, CNE - Hite Properties Best Priced Properties Team - The Woodlands TX Cell: 936-445-0216 Clients First! Treating the relationship with far more value than the transaction. We be....

Want to Advertise on this Site?

Latest Blog Posts

72 Hour Home Sale In Lindale Park In The Inner Loop

SNEAK PREVIEW! 410 Gale St Houston, TX 77009 in Lindale Park Once in a while, we get a really special listing, and...this is it! Located in the highly desirable community of Lindale Park

Read More

Listed In Imperial Oaks On Oversized Culdesac Lot

22930 Highland Estates Ct in Imperial Oaks FANTASTIC opportunity in the MASTER-PLANNED community of Imperial Oaks in Spring TX! Solid long-term investment! Highly desirable location is

Read More

Houston TX Real Estate Is Crazy Hot Low Interest Rates Low Inventory And High Buyer Demand

We have been very busy lately! The Houston TX real estate market is incredibly busy due to the record low-interest rates, low inventory, and high buyer demand! We are consistently;

Read More

Unbelievable Opportunity To Purchase In Town 10 Min From Downtown

JUST LISTED!! 416 Van Molan St in Oakwood!Every once in a while we get that really special listing! This one is it!! 72Hour Home Sell...Place Your Bid Today! One of the hottest real estate

Read More