What Real Estate Trends Are Taking Hold in Houston?

There are many great Houston area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at 832-428-6453 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hey everyone, thanks again for joining us for another market update. The spring market, one of the busiest times of the year, is nearly upon us. Today we are going to go through some of the current numbers for the Houston real estate market, and let you know what the numbers mean for the state of our market.

• Single-family home sales are up about 6%, and home sales are up 2.5% overall. 
• Our dollar volume is up slightly from last year.
• The average days on market is currently at 57.
• Inventory is still low in some areas, but is steadily creeping up.
• We expect home appreciation to remain steady in 2015, at around 4-6%.

We are currently in a seller's market, but things are starting to even back out. Builders will be catching up with demand, and the disparity between buyers and sellers will probably even out sooner rather than later. There have been a lot of rumblings lately about oil prices, but as far as we can tell, they haven't had an immediate effect on the housing market. We will keep an eye on this as the year progresses.

If you have any questions for us at all about the market, we would be glad to help you out. We want to be your #1 resource for real estate news and information, and we are always just a phone call or email away!