HAR has released the full sales numbers report for December 2024.
Sales prices outpaced the previous several months with a full 5% increase in average price over last year as well as the total transaction count with more than 1,000 additional transactions compared to last year. To me, this bodes well for the upcoming Spring/Summer season for Houston Real Estate.
Inventory is holding steady at a 4 month supply and I expect that may draw down a bit if the Spring and Summer shows strong buyer demand.
This causes a thought to spring into my mind, if you've ever considered owning an investment property, we are in the geographical market to do it. If you owned 3 investment properties you saw your net worth go up by approximately $50,000 JUST this last year
....and you didn't have to do anything but
own those properties and keep the tenants happy.
Some segment of the population is always sitting on the sideline and waiting for the market to crash, but in the face of 7% interest rates this town is still seeing values chug their way upward little by little over the last 2 years.
I invite you to get on the train.
