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This Month in Real Estate – March 2019 Market Update

This Month in Real Estate
March 2019 Market Update
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Monthly VideoAccording to the National Association of REALTORS®, existing home sales experienced a third consecutive month of declines in January. While the supply of homes is rising, a growing share of those homes may still be out of reach for some buyers.
Interest Rates
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Interest RatesAccording to Freddie Mac, 30-year fixed rates decreased to 4.35 percent in January from 4.45 percent in December. This rate remains well below the historical average of 8.90 percent.
Home Sales
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Home Sales Graph
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 4.94 million in January, down from 5.0 million in December, and 8.5 percent below the 5.4 million sales pace from a year ago.
Home Prices
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Home Price Graph
The median home price decreased to $247,500 in January, down 2.8 percent from December. The median home price has increased by approximately $6,700 in the past year alone.
Inventory
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Inventory Graph
There was a 3.9-month supply of housing inventory in January 2018, up 5.4 percent from December. The total number of available homes for sale has increased by 14.7 percent compared to January of last year.
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Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report.The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.
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Christine Kalmbach REALTOR

Keller Williams Realty Platinum

832-755-2954
281-856-0808

Click here to download my mobile app!
christinekalmbach@kwrealty.com
ChristineKalmbach.kwrealty.com
Copyright 2019 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. 
Keller Williams Realty Platinum | 19708 Northwest Fwy Ste 2800 | Houston | TX | 77065-5628
#callonchristine #realtorck4u

Your New Home by the Numbers!

ChristineKalmbach.kwrealty.com
Keller Williams
YOUR NEW HOME BY THE NUMBERS
Owning a home is a significant source of pride for many and can also help increase your financial stability and, potentially, your wealth. My job is to help you choose the home that’s right for you and your family by:
Analyzing historical trends in home values for specific properties and communities
Comparing estimated mortgage payments to area rental costs
Identifying any other sources of savings over the long term
Showing you how each mortgage payment helps build your equity
My commitment to helping you understand the possible financial benefits of home ownership is the key to finding your new home. Contact me today to begin your home search.
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Christine Kalmbach REALTOR

Keller Williams Realty Platinum

832-755-2954
281-856-0808

Click here to download my mobile app!
christinekalmbach@kwrealty.com
ChristineKalmbach.kwrealty.com
Copyright 2019 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. 

 

Christine Kalmbach’s Featured Listing

This Month in Real Estate – February 2019 Market Update

This Month in Real Estate
February 2019 Market Update
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Monthly VideoAccording to the National Association of REALTORS®, existing home sales experienced a decrease in December after two consecutive months of increases. While the supply of homes is rising, a growing share of those homes may still be out of reach for some buyers.
Interest Rates
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Interest RatesAccording to Freddie Mac, 30-year fixed rates decreased to 4.45 percent in December from 4.87 percent in November. This rate remains well below the historical average of 8.90 percent.
Home Sales
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Home Sales Graph
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 4.99 million in December, down from 5.32 million in November, and 10.3 percent below the 5.56 million sales pace from a year ago.
Home Prices
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Home Price Graph
The median home price increased to $253,600 in December, up 2.9 percent from December 2017. The median home price has increased by approximately $7,100 in the past year alone.
Inventory
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Inventory Graph
There was a 3.7-month supply of housing inventory in December 2018, up since December 2017. The total number of available homes for sale has increased by 15.6 percent compared to December of last year.
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Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report. The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.
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personal photo
Christine Kalmbach REALTOR

Keller Williams Realty Platinum

832-755-2954
281-856-0808

Click here to download my mobile app!
christinekalmbach@kwrealty.com
ChristineKalmbach.kwrealty.com
Copyright 2019 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. 
Keller Williams Realty Platinum | 19708 Northwest Fwy Ste 2800 | Houston | TX | 77065-5628

Christine Kalmbach’s Featured Listing!

Houston Real Estate is on track for another Record Year!

Entering the final weeks of the year, home sales continue to outpace 2017’s record levels

HOUSTON — (December 12, 2018) — In a display of textbook seasonality, with the holidays sending consumers into their annual retail frenzy, Houston home sales slowed slightly in November. However, it was not enough to knock the real estate market off its record-setting pace.

According to the latest monthly report from the Houston Association of Realtors® (HAR), 6,159 single-family homes sold in November compared to 6,285 a year earlier, representing a 2.0-percent decline. On a year-to-date basis, home sales are 4.6 percent ahead of 2017’s record volume. Inventory edged up from a 3.6-months supply to 3.9 months.

The median price of a single-family home (the figure at which half of the homes sold for more and half for less) rose 4.4 percent to $235,000 and the average price increased 4.3 percent to $295,084. Both represent the highest prices ever for a November. All housing segments experienced gains except for homes priced at $150,000 and below The best-performing segment was the luxury market, consisting of homes priced at $750,000 and above, which climbed 12.3 percent.

Sales of all property types totaled 7,400 – statistically flat versus last year. November’s total dollar volume increased 3.9 percent to $2.1 billion.

“The Houston housing market remains on track for another record year, which was an almost unimaginable concept when the year began, on the heels of so much devastation from Hurricane Harvey,” said HAR Chair Kenya Burrell-VanWormer with JPMorgan Chase. “As 2018 draws to a close, we see slow but steady growth in the supply of housing as well as a strong job market, which together make for a healthy real estate climate.” 

Lease Property Update

Consumers kept Houston’s lease market humming in November. Single-family home rentals soared 15.3 percent while leases of townhomes and condominiums rose 0.6 percent. The average rent for single-family homes declined 1.3 percent to $1,743 while the average rent for townhomes and condominiums edged up 0.5 percent to $1,505.

November Monthly Market Comparison

The Houston real estate market had a largely positive performance in November and remains on track to set new sales records when the books are closed on 2018. As consumers turned their attention to holiday shopping, single-family home sales fell slightly and total property sales were statistically flat compared to November 2017; total dollar volume and pricing were up. Month-end pending sales for single-family homes totaled 6,052, which represents a 5.8 percent increase over last year. Total active listings, or the total number of available properties, climbed 8.9 percent to 40,530. Single-family homes inventory saw some growth in November, reaching a 3.9-months supply versus a 3.6-months supply a year earlier. For perspective, housing inventory nationally stands at a 4.3-months supply, according to the latest report from the National Association of Realtors® (NAR).

Single-Family Homes Update

Sales of single-family homes declined 2.0 percent in November, as 6,159 units sold across the greater Houston area compared to 6,285 a year earlier. However, on a year-to-date basis, sales volume is running 4.6 percent ahead of 2017’s record pace and is expected to remain in record territory as we close out 2018. Prices reached the highest levels ever for a November. The median price increased 4.4 percent to $235,000 while the average price rose 4.3 percent to $295,084. Days on Market (DOM), or the number of days it took the average home to sell, improved to 60 from 62 a year earlier. Inventory registered a 3.9-months supply, up slightly from 3.6 months a year ago.

Broken out by housing segment, November sales performed as follows:

  • $1 – $99,999: decreased 25.3 percent
  • $100,000 – $149,999: decreased 24.3 percent
  • $150,000 – $249,999: increased 2.3 percent
  • $250,000 – $499,999: increased 7.2 percent
  • $500,000 – $749,999: increased 1.9 percent
  • $750,000 and above: increased 12.3 percent

HAR also breaks out sales data for existing single-family homes. Existing home sales totaled 4,945 in November, a decline of 3.2 percent versus the same month last year. The average sales price rose 5.7 percent to $283,523 while the median sales price increased 3.1 percent to $218,000.

Townhouse/Condominium Update

November saw a drop of 2.8 percent in townhome and condominium sales, with 488 units sold versus 502 a year earlier. The average price rose 9.0 percent to $213,043 and the median price increased 4.5 percent to $165,000. Inventory grew from a 3.7-months supply to 4.1 months.

Houston Real Estate Highlights in November

  • Single-family home sales fell 2.0 percent year-over-year, with 6,159 units sold;
  • On a year-to-date basis, home sales are up 4.6 percent and on track for breaking 2017’s record performance when December data are compiled;
  • Days on Market (DOM) for single-family homes was 60 versus 62 a year earlier;
  • Total property sales were statistically flat, with 7,400 units sold;
  • Total dollar volume rose 3.9 percent to $2.1 billion;
  • The single-family home median price climbed 4.4 percent to $235,000, a November high;
  • The single-family home average price also achieved a November record, rising 4.3 percent to $295,084;
  • Single-family homes months of inventory reached a 3.9-months supply, up from 3.6 months last November, but below the national supply of 4.3 months reported by NAR;
  • Townhome/condominium sales dropped 2.8 percent, with the average price up 9.0 percent to $213,043 and the median price up 4.5 percent to $165,000;
  • Leases of single-family homes jumped 15.3 percent with the average rent down 1.3 percent to $1,743;
  • Volume of townhome/condominium leases rose 0.6 percent with the average rent up 0.5 percent to $1,505.
This article is courtesy of Har.com

If you’re or someone you know is looking to sell, buy, invest or lease in real estate, contact me now!

September 2018 Market Update!

This Month in Real Estate

September 2018 Market Update
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Monthly VideoAccording to the National Association of REALTORS®, existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years. In many areas, potential buyers may be priced out or finding a limited amount of available homes for sale in their desired neighborhood.
Interest Rates
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Interest RatesAccording to Freddie Mac, 30-year fixed rates decreased from 4.52 percent to 4.51 percent. This rate remains well below the historical average of 8.90 percent.
Home Sales
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Home Sales Graph
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.34 million homes during the month of July. This was a decrease of 0.7 percent from June and a decrease of 1.5 percent from July of last year.
Home Prices
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Home Price Graph
The median home price increased to $269,600 in July, which was down 1.5 percent from June and up 4.5 percent from July of last year. The median home price has increased by approximately $11,500 in the past year alone.
Inventory
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Inventory Graph
There was a 4.3-month supply of housing inventory in July, which has been stable since June. The total number of available homes for sale has increased by 2.4 percent compared to July of last year.
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Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report.The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.
 

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personal photo
Christine Kalmbach REALTOR

Keller Williams Realty Platinum

832-755-2954
281-856-0808

Click here to download my mobile app!
christinekalmbach@kwrealty.com
ChristineKalmbach.kwrealty.com
Copyright 2018 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. 
Keller Williams Realty Platinum | 19708 Northwest Fwy Ste 2800 | Houston | TX | 77065-5628
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