Houston Real Estate Facts!

(updated August 27, 2010)

There are 36,302 active listings of single-family homes in the greater Houston metro area as of today.   Additionally, there are 6630 pending sales.   That shows that Houston still has a healthy market. A buyer’s market statistically, but very healthy. The number of pending sales has remained fairly steady over the past 6 months, but the number of active listings has increased.     Houston’s projected inventory is 6.84 months supply on the average, meaning that at the previous 6 month’s sales rates, it would take 6.84 months to deplete our current inventory if no more homes came on the market. This is a decrase  from the 8.12 months reported earlier in the year, much in part due to foreclosure sales.

Parts of Houston Metro are doing better than others, however.  We’ll break down the areas and show how these sections of Houston are doing. Call me in the mean time for your area at 713.818.0829

Clear Lake / Seabrook / La Porte areas have 1008 active listings with 141 pending sales (or 14% pending).  Month’s inventory, however, is  7.123 months today, obviously meaning there will be other areas that are selling faster which decrases the metro overall supply of single family inventory.

The Woodland’s area shows 1085 homes for sale with 233 pending sales currently (or 21.47% pending).   Months of inventory in this area is 5.5.

The Katy area shows 1963 active listings and 516 pending (or 20.8% pending) with an inventory of  4.787 months. Virtually unchanged for many months! This means that in spite of the hard market, the Katy area is holding its own!

Sugarland area has 904  homes for sale with 173  pending (or 16 % pending) with an inventory of 6.18 months.

Houston Heights area has 990 current listings, 234 pending (19.11% pending) with an inventory of 8.26 months

Houston Metro homes over $1,000,000 has 29.51  months supply of available inventory with  1033 to choose from and 103 currently pending. There are more of these homes pending than in the previous 6 months period, yet there is a higher supply of homes also.