Current Market Data
In its last reading before the end of the year, the National Association of REALTORS® Pending Home Sales Index posted its fourth consecutive monthly increase in November.
Compass agents listed four of the 10 most expensive listings in Texas this past month, with properties in Dallas, Highland Park, Fort Worth and Houston.
The median-sales price slid from $425,600 in October to $402,600 last month.
According to the Houston Association of REALTORS’® Weekly Activity Snapshot, closed home sales increased 5.8% year over year.
The year-over-year increase of 6.1% is the greatest since June 2021, according to the association.
When 3630 Willowick Road was first listed for $29 million back in 2023, it was the most expensive listing in Houston history. Now, though the sales price is undisclosed, the home represents the second-most expensive Houston home sale on record.
Closed home sales increased 17.7% in Houston during the week ended Dec. 9, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®.
Despite elevated mortgage rates, Houston home sales surpassed 2023 volumes for the third month in a row in November.
More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.
According to a report from CashNetUSA, renters in Bellaire (specifically, the 77401 ZIP code) only need to spend 13.68% of their annual income on rent.
Taylor Swift’s cultural impact has moved beyond music and fashion into the design of ultra-high-end real estate.
Realtors entered 1,902 properties into the MLS. During the same week in 2023, when Thanksgiving had already passed, 2,523 properties were added to the market.
Houston is the 65th-priciest rental market in the country, according to Zumper’s November National Rent Report.
Home prices are on the rise in Houston: The average listing price increased 4.3% to $435,280 in November.
A $20 million estate in Westlake tops the list of the 10 most expensive new listings in Texas.
Despite the new record in September, the rate of increase continues to slow.
