On February 13, 2019, HAR.com released it’s January Market Update with the headline, “HOUSTON’S HOUSING MARKET COOLS IN JANUARY”
A few key takeaways include:
- The single-family home median price increased 1.4 percent to $222,000, which is a January high,
- Lease properties saw their strongest performance since November 2017, as single-family home rentals climbed 16.5 percent with the average rent up 0.4 percent to $1,755,
- Days on Market (DOM) for single-family homes decreased from 68 days to 65 in January.
- Sales of all property types totaled 5,011, down 8.4 percent from January 2018. Total dollar volume for the month fell 4.4 percent to slightly more than $1.3 billion.
Ralph Tapia and Katie Day discuss some thoughts on the report here:
For more information on how these numbers may impact you if you’re renting, buying, selling, or investing, reach out today!
Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com
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