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

Dated: 02/12/2020

Views: 131

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!

www.bestpricedproperties.com

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

Happy New Homeowner In Katy TX

We met a few months ago and after talking I knew exactly the kind of homes that would be just perfect and we found the right one in Katy, TX! Not only did we get a fantastic home but at a

Read More

We Have Found Their Next Big Home In Willis TX

I sold this sweet family a new construction home back in 2012. Years later and after the addition of two precious kids they called me recently and asked me to find them a home.

Read More

We Are Under Contract In Conroe TX

After looking at both resale and new homes this sweet couple decided to purchase a beautiful new DR Horton in Conroe, TX! They also contracted on Valentine's Day! *Love*Melissa BankiBest Priced

Read More

We Are Under Contract In Porter TX

My clients needed extra space for their large family. They also wanted a larger lot on a cul-de-sac and that is what they have! We are now are under contract

Read More