Houston Housing Market Update


Houston Housing Market Update

Houston Housing

March Houston Housing Market Update:
Houston’s Housing Market Show Stability Despite Ongoing Energy Jitters

Greater Houston Housing Market Update – Despite continued strains in the oil patch, the Houston Housing market demonstrated more sustainable conditions in March, with positive sales among mid-range homes and a growing supply of homes from which buyers can choose. According to the latest monthly report prepared by the Houston Association of Realtors (HAR), March single-family home sales declined 2.2 percent versus March 2015, with a total of 6,001 sales compared to 6,137 a year earlier. On a year-to-date basis, however, home sales are 1.0 percent ahead of last year’s pace. New listings helped boost inventory from a 2.8-months supply to 3.6 months.Sales of townhouses and condominiums rose 1.9 percent in March coming off of last month’s year-over-year decline of 10.5 percent. A total of 589 units sold compared to 578 properties in March 2015. The average price declined 2.0 percent to $193,483 while the median price rose 4.9 percent to $150,000. Inventory grew from a 2.6-months supply to 3.5 months.Overall the Houston Housing Market Update shows home sales held steady throughout March, and much of that may be due to an influx of new residents throughout the Houston area even as the energy industry suffered more layoffs. In its April 2016 report on the Houston economy, the Greater Houston Partnership (GHP) cited U.S. Census Bureau data showing the Houston metropolitan area leading the nation in population growth in 2015, with the addition of over 159,000 new residents. GHP stated that since April 2010, Houston has added over 736,000 residents and that energy industry layoffs have been offset by job creation in other sectors.   See HAR Press Release for more information, graphs and charts  https://www.har.com/content/mls/      #houstonmarketupdate #houstonhomesforsale #springhomesforsale #woodlandshomesforsale


Ruben & Nancy

The Villarreal Team

The Villarreal Team is one of the most successful and dynamic teams in the real estate industry today.  As owners of RE/MAX Integrity, Ruben & Nancy along with The Villarreal Team are consistently top producers at RE/MAX.  They have achieved great heights and many accolades as impressive as Who’s Who in Real Estate, recognized by The Houston Business Journal as one of the Top 5 Teams in Houston, and most recently honored with the RE/MAX Lifetime Achievement Award and Diamond Membership.  Ruben & Nancy have surpassed a level of achievement other Realtors only dream of.  Assisting them on their team includes Ray Humphrey, Dawnya Simmons, Beth Perque, Andree Ward, Blanca Maeso, and Ashley Silvey, as well as two personal assistants.  This dedicated team works with precision to maintain the professional level of service Ruben & Nancy feel each of their clients deserve.  Please continue to follow us for Houston Housing Market Updates. #rubenandnancy #thevillarrealteam #remaxintegrity #remax