HAR has published the initial results for the Houston Market in July.
A couple trends that I am noticing here; the list prices are still creeping upward, and at the same time the total inventory is also growing. We now have nearly 30,000 properties for sale across the city.
List price growth has been hanging out around a 1% growth rate Year over year for the last 12-18 months so this is a pretty big jump up to 5%. I am seeing some homes sell right away and others are taking a little bit of time.
It seems that the key is how much inventory is currently available around any particular active listing. Just because overall inventory is up across town doesn't mean it's up everywhere.
Some areas are still lacking homes for sale, although our team here at Apex Properties is working to change that.
If you are thinking about selling and you're curious what's going on in your immediate market area, please feel free to call us anytime!
