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Summer 2017 Houston Market Update
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Today I wanted to give you a bit of an update on the Houston real estate market.
It is hot, and we’re not just talking about the weather. The Houston real estate market is on fire. We had some wonderful gains these past few months. The highest gains took place among homes priced $750,000 and above where we saw 8,500 homes sell. This is an almost 10% increase from this time last year.
The average sales price increase 1.5% to just over $300,000. That is a hot market. Even the lease market has increased, with single family home leases up 17% and townhomes and condos up almost 21%.
We’ve seen some wonderful gains these past few months.
So, between strong employment numbers and a healthy housing inventory, we can expect a great end to the summer and a wonderful start to the fall season.
If you have any other questions or you’re looking to buy or sell a home, please give me a call. I’d be happy to help!
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