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

June 2018

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National market update

Existing-Home Sales Slide 2.5 Percent in April

WASHINGTON (May 24, 2018) — After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors®. All four major regions saw no gain in sales activity last month.





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Home-Buying Frenzy Sets a Record as California Loses Its Grip on Hottest Markets

As the home-buying season enters its most frenetic period, the pace of sales set new records in May, according to an analysis of realtor.com® data for the month. That's not all: Listing prices also continued to set records. However, in the end of a historic run, the majority of the hottest markets in the country are no longer in California.





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National housing indicators

Existing home sales (April)

5.46 millions units*

Existing home median price (April)

$257,900

Housing Starts (April)

1.287 millions units*

New home sales (March)

0.662 millions units*

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

National economic indicators

Home ownership

4th Quarter 2017

64.2%

1st Quarter 2018

64.2%

The homeownership rate of 64.2 percent was not statistically different from the rate in the first quarter 2017 (63.6 percent) and virtually unchanged from the rate in the fourth quarter 2017 (64.2 percent).

New home sales

March 2018

4.0%

April 2018

-1.5%

Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5 percent (±11.8 percent)* below the revised March rate of 672,000, but is 11.6 percent (±23.7 percent)* above the April 2017 estimate of 593,000.

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 rose in May 018 with 1,056 Homes Sold VS 1,018 in May 017 or (+3.7%). Average single family home prices rose (+7%) or $272,528 in May 018 VS $253,515 in Apr 017. Inventories (listings) rose May 018 VS May 017. (see link) Read more

The Houston Single Family home market remained in positive territory in May 018 with a 1.0% rise in sales over May 017. May 018 also set a new record for average prices climbing 1.3%. Rentals were down -1.8% over May 017 and rental prices climbed. Inventories unchanged Read more

Houston Single Family home sales rose (+1%) or 8,157 sold vs 8,078 in May 017. Average home prices rose (+1.3%) in May 018 or $305,511 VS $301,678 in May 017. Single family leases fell (-1.8%) in May 018 VS May 017. Average lease prices climbed and inventories remained the same 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.