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

March2012

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National market update

Housing Affordability Index Hits Record High

Washington, March 06, 2012 - NAR President Moe Veissi said the typical family has roughly double the income needed to purchase a median-priced home. "For buyers who can qualify for a mortgage, now is a very good time to become a homeowner.” More...
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February Existing-Home Sales Slip But Up Strongly From a Year Ago

Washington, March 21, 2012 - Lawrence Yun, NAR chief economist, said, "The market is trending up unevenly, with record high consumer buying power and sustained job gains giving buyers the confidence they need to get into the market”. More...
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National housing indicators

Existing home sales ()

4.59 million units*

Existing home median price ()

$156,600

Housing Starts ()

698,000 units*

New home sales ()

313,000 units*

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

National economic indicators

Home ownership

4th Qtr 11

66.0%

3rd Qtr 11

66.3%

The homeownership rate in the fourth quarter 2011 (66.0 percent) was lower than the fourth quarter 2010 rate (66.5 percent). The homeownership rates in the Northeast, Midwest, South, and West were not statistically different from their corresponding fourth quarter 2010 rates.

New home sales

Feb 11

-1.6%

Jan 12

-5.4%

Sales of new single-family houses in February 2012 were at a seasonally adjusted annual rate of 313,000. This is 1.6 percent (+/- 23.9%)* below the revised January 2012 estimate of 318,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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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 Jul 017 with 957 Homes Sold VS 1,103 in Jun 017 or (-13%). Average single family home prices rose (+0.4%) or $320,851 in Jul 017 VS $319,474 in Jun 017. Inventories (listings) rose in Jul 017 VS Jun 017. Rentals were up (see link) Read more

The Houston single family Housing and Rental Market continues to outpace 2016's record performance in Jul 2017 with both a rise in sales and home values Over July 016 (see Link). New Jobs and higher inventories are credited for this upswing Read more

Houston Single Family home sales fell (-11.5%) in Jul 017 with 7,440 sold vs 8,414 sold in June 017. Average home prices fell (-1.6%) in Jul 017 to $299,131 VS $304,155 Jun 017. Rentals and listings (inventory) increased in Jul. 017. The average monthly rental rates rose to $1,815 in Jul Read more

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Existing Home Statistics

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