The home prices were expected to flatten nationwide, increasing by just 0.8% and buyers were expected to continue to move to affordability, benefiting mid-sized markets. But Houston has shown its trademark resilience, and 2018 is predicted to see real estate growth of 2.8% in the city, meaning now would be a good time to invest. In October alone, 6,381 homes were sold in the Houston Real Estate Market, an increase of 7.5% over the same period last year. The median list price of homes in Houston, TX was $310K in October 2020, trending up 12.7% year-over-year. Here are some foreclosure statistics of the Houston housing market. Add this chart to your website. Here is Zillow's home price forecast for Houston, Harris County, and Houston – The Woodlands-Sugar Land. “We know that many are still working tirelessly to rebuild their lives after Harvey, but overall, … In other words, if you buy a property now, then after twelve months, you can expect an ROI of anything between 6-7%. El Paso’s strong job growth, affordability, low vacancy rates, and high population of young households were pivotal in the ranking process. Year-to-date sales are now on par with 2019’s record pace after lagging by 4.3 percent in May. Vacant housing appears to be an issue in Houston. Although the desire to own a home remains strong, the combination of higher home prices and rising mortgage rates were making it increasingly difficult for many first-time buyers to afford one. Mid West Houston, where the average monthly rent is $1,068. Homes between $250,000 and $500,000, which make up the market’s biggest share of sales, also achieved notable increases over last year. Good cash flow from Houston investment properties means the investment is, needless to say, profitable. Sales of single-family homes went up by around 14% in January as compared to the previous year, a big start to 2020 that was driven by low mortgage rates and demand for homes priced between $250,000 and $750,000. The last time inventory was that low was in December 2014. The current median value of Houston real estate is $188,700 which is up 5 percent from last year. Houston Real Estate Trends & Market Info. With interactive graphs of inventory, price per square foot, median list prices, and days on the market, anyone can stay on top of South Houston real estate market trends. During the latest twelve months, the Houston appreciation rate was nearly 2.61%, and in the latest quarter, the appreciation rate was 1.33%, which annualizes to a rate of 5.45%. Investors are also intrigued by this statistic as it allows them to make money off of houses they may not be residing in at a given time. Since 2012, Houston's home values (middle price tier of homes) have appreciated from $117,000 to $199,976, according to Zillow’s Home Value Index. That's an increase of  71%. The three most important factors when buying real estate anywhere are location, location, and location. Clearly, for the long-term investment, you cannot ignore underestimate Houston. On a year-to-date basis, the market is running 5.4 percent ahead of 2019’s record pace. The Houston real estate market is now running 7.7 percent ahead of 2019’s record pace. The second-best performer consisted of homes in the $500,000 to $750,000 range, which jumped 18.6 percent, according to H.A.R. The total number of homes sold in the entire twelve months of 2018 were 82,229. The Austin housing market is one hot place to invest in Texas. 100-200K/4 Properties . A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt. This news feed provides a large array of articles pertaining to Market Trends as well as the latest Real Estate Data and Research. Realtor.com 2020 housing market predictions: The U.S. housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts … It isn’t the largest in the state of Texas, but there are several reasons to consider buying real estate in this city. RealWealth makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please bookmark this page as this news feed updates daily. Many houses that were damaged are being quickly sold to real estate investors. No big shifts in the office market are anticipated for 18 months. On a year-to-date basis, the market is running 9.0 percent ahead of 2019’s record pace. For Houston investors, the Houston real estate market has experienced decent appreciation gains in the first quarter of 2016. It depends on how much you are looking to spend and if you are wanting smaller investment properties or larger deals such as duplex and triplex in Class A neighborhoods. Purchasing an investment property requires a lot of studies, planning, and budgeting. Appreciation Rates Signify a Healthy Market. Wow, 2020 was a challenging year. As demographics change and baby boomers retire, you’re seeing Millennials who may not be ready to buy houses. April 16, 2020 Updated: April 16, 2020 1:26 p.m. Facebook Twitter Email. Evaluate the specifics of the Houston housing market at the time you intend to purchase. This market report is an automated online tool that taps into up-to-the minute MLS data to answer some of the most important real estate market questions for home buyers and sellers. According to Neighborhoodscout.com, a real estate data provider, one and two-bedroom single-family detached homes are the most common housing units in Houston. Sign up for a FREE Market Report! Many workers were fed up with the costs in these regions and were having difficulty surviving in areas with labor shortages, rising mortgage rates, and higher lumber costs. 77009 Real Estate Trends & Market Info. A mix of willing buyers, tight inventory and ultra-low interest rates are helping boost home sales in the higher end market. Realtors are selling houses in Houston, Texas for over $7,000 or more than in the previous years. On this page you’ll learn about housing market trends and statistics to help you make that decision. In terms of months of supply, Houston can become a buyer’s real estate market if the supply increases to more than five months of inventory. The Austin real estate market dipped after the layoffs of the Dot-Com boom. The Houston region ranked as the nation's top-selling metro area for new homes sales, logging more than 5,000 sales across eight master planned communities among the … But real estate analysts and agents say the record run may come to an end in 2019. FREE Home Evaluation. Located in Southeast Texas, near the Gulf of Mexico, Houston is the most populous city in Texas, the fourth most populous city in the nation, and the seat of Harris County. Although Harvey’s effects were devastating, the hurricane also contributed to the Houston housing market’s new rise after Harvey. We donate 10% of all profits earned through real estate transactions. The Houston real estate market is creating more jobs than many other U.S. cities today. With a record no. Townhome/condominium leases jumped 11.0 percent with the average rent up, One-bedroom apartments in Houston rent for. The Port of Houston ranks first in the United States in international waterborne tonnage (weight in tons) handled, and second in total cargo tonnage handled. Through the third quarter of 2018, the Houston metro economy has displayed marked improvements after weathering the impacts of both Hurricane Harvey and the 2014 oil crash. Highest Availability. They decided to solve the problem by encouraging medical and biotech employers to relocate to the area, too. Single-family homes inventory is down to a 2.4-month supply compared to 3.8 months a year earlier (lowest in six years). Just like the previous month, closed sales were up by 22.2 percent for the week ending July 6 fueled by the increase in listings that went under contract in May and June. This article aimed to educate investors who are keen to invest in Houston real estate. 2. Some of the information contained in this article was pulled from third party sites mentioned under references. 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