Current Market Data
Homes linger on market longer as buyers take their time.
“Showings typically slow to a trickle during the last two weeks of the year because of the holidays, and 2022 is no exception,” HAR’s report reads.
Regionally, the pending-sales index fell 7.9% month over month in the Northeast, 6.6% in the Midwest, 2.3% in the South and 0.9% in the West.
Houston ranked seventh overall, with TheCreditReview citing “overall residential financial health” across the Bayou City.
At the same time, the median sales price of a new house slid to $471,200 from $484,700 in October and $430,300 a year earlier, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
The Houston Association of REALTORS® put out a report detailing the 10 most-expensive home listings across Texas this month.
As 2022 draws to a close, new and pending listings in Houston still trail 2021 levels.
The month-over-month decline in sales came as prices rose for the 129th consecutive month, the National Association of REALTORS® said.
Texas ranks as the second-greenest state in the country when it comes to solar power, trailing only behind California.
New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply.
Current real estate market conditions have not discouraged buyers from their plans of homeownership, according to a new survey from RE/MAX.
The Houston Association of REALTORS® Weekly Activity Snapshot shows year-over-year decreases in new listings, pending listings and closings, with a hefty increase in off-market listings.
Single-family home sales fell 30.4% year-over-year in November, according to the latest Houston Association of REALTORS® Market Update.
According to an analysis from real estate website Point2Homes, Houston renters do not make enough money to purchase starter homes.
The 30-year fixed-rate inched to 6.42%, which is still close to the lowest rate in a month, the group said.
An Axios analysis of Houston homes on Zillow shows that prices are still rising, especially in the suburbs.
