Peter Johnson, Realtor

Century 21 Realty Partners

9385 Hickory Hills Dr
Montgomery, TX 77316


Cell: 936-524-4397   
Phone: 936-524-4397 
Fax: 832-934-2292

Housing Trends

December 2018

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National market update

Existing-Home Sales Increase for the First Time in Six Months

WASHINGTON (November 21, 2018) – Existing-home sales increased in October after six straight months of decreases, according to the National Association of Realtors®. Three of four major U.S. regions saw gains in sales activity last month.



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National housing indicators

Existing home sales (October)

5.22 millions units*

Existing home median price (October)

$255,400

Housing Starts (October)

1.228 millions units*

New home sales (September)

0.553 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

2nd Quarter 2018

64.3%

3rd Quarter 2018

64.4%

The homeownership rate of 64.4 percent was not statistically different from the rate in the third quarter 2017 (63.9 percent) nor from the rate in the second quarter 2018 (64.3 percent).

New home sales

September 2018

-5.5%

October 2018

-8.9%

Sales of new single-family houses in October 2018 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.9 percent (±13.7 percent)* below the revised September rate of 597,000 and is 12.0 percent (±13.1 percent)* below the October 2017 estimate of 618,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Peter Johnson, Century 21 Realty Partners

Montgomery County Single Family Home Sales fell in Dec 018 with 752 Homes Sold VS 832 in Dec 017 or (-13.2%). Average single family home values rose (+7.1%) or $329,133 in Dec 018 VS $304,917 in Dec 017. (see link) Read more

The Houston Single Family Housing Market enjoyed a record setting sales year in 2018 with a 4% increase in sales over the last record setting sales year in 2017 Read more

Houston Single Family home sales fell (-4.1%) or 6,543 in Dec 018 vs 6,825 in Dec 017. Average home prices rose (+4.7%) in Dec 018 or $306,314 VS $292,627 in Dec 017. Single family leases rose (+4.7%) in Dec 018 VS Dec 017. Average lease prices fell in Dec 018 Read more

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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.