Current Market Data

New-home sales flat in October as median price hits new high
New-home sales flat in October as median price hits new high

The seasonally adjusted estimate of new houses for sale at the end of September was 389,000, representing a supply of 6.3 months at the current sales rate, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

Property analysis reveals Houston’s priciest neighborhoods
Property analysis reveals Houston’s priciest neighborhoods

While Houston is often praised for its affordable housing compared to the rest of the country, the city has not been immune to the nation’s surging rent prices. A recent analysis of Houston-area properties revealed the neighborhoods with the highest and lowest rental and sale prices, according to Awning.com.

Second-home demand up 70% from pre-pandemic levels
Second-home demand up 70% from pre-pandemic levels

Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.

NAR: Existing-home sales rise again in October
NAR: Existing-home sales rise again in October

The U.S. housing market kept firing on all cylinders, as the demand for residential real estate drove prices higher for the 116th month in a row, marking the longest streak on record.

New report reveals most popular relocation destinations among Houstonians
New report reveals most popular relocation destinations among Houstonians

While Houston became home to nearly 600,000 new residents between 2014 and 2018, thousands of Houstonians left the city, too — but the majority didn’t go far, according to a new Stacker report.

Could the Houston housing market normalize in 2022?
Could the Houston housing market normalize in 2022?

It’s been a crazy year for real estate with bidding wars, record home prices and historically low inventory, but that may all come to an end in 2022

RE/MAX: Signs of Houston’s tight housing market persist in October
RE/MAX: Signs of Houston’s tight housing market persist in October

Among the 51 metro areas surveyed in October, closed transactions were down 6.4% from September, nearly twice the average pre-pandemic decline of 3.3% between 2015 and 2019, RE/MAX said, citing its National Housing Report.

NAHB: Builder confidence continues to rise in November despite supply issues
NAHB: Builder confidence continues to rise in November despite supply issues

November’s reading of 83 was up three points from October, driven by low existing inventories and strong buyer demand, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.

New Houston listings register fifth straight week of declines
New Houston listings register fifth straight week of declines

New home listings continued to lag behind 2020 levels for the fifth consecutive week, according to the Houston Association of Realtors weekly activity snapshot. 

11 most expensive Houston homes sold in October
11 most expensive Houston homes sold in October

Houston experienced cooling in more than just the outdoor temperatures in October, according to the Houston Association of Realtors (HAR) October 2021 Market Update. 

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