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

May 2015

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National market update

Existing-Home Sales Lose Momentum in April

WASHINGTON (May 21, 2015) — Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced sales declines in April.

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Owners Place High Value on Good Yards

Don't underestimate the importance of a beautiful yard to home owners and their neighbors. 84 percent of adults say that the quality of a home's landscape and yard would affect their decision on whether to purchase a home or not, according to a new survey of more than 2,000 adults conducted by the National Association of Landscape Professionals.

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National housing indicators

Existing home sales ()

5.04 millions units*

Existing home median price ()

$219,400

Housing Starts ()

11.35 millions units*

New home sales ()

4.81 millions units*

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

National economic indicators

Home ownership

1st Qtr 2015

+63.7%

1st Qtr 2014

+64.8%

The homeownership rate in the first quarter 2015 was 63.7 percent, down 1.1 (+/- 0.4) percentage points from the first quarter 2014 rate of 64.8 percent. The homeownership rates in the Northeast, South and West were lower than the rates in the first quarter 2014, while the rate in the Midwest was not statistically different from the rate a year ago.

New home sales

March 2015

-11.4%

February 2015

+5.6%

Sales of new single-family houses in March 2015 were at a seasonally adjusted annual rate of 481,000. This is 11.4 percent (+/- 18.6%)* below the revised February 2015 estimate of 543,000.

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 rose in Sep 017 with 888 Homes Sold VS 806 in Aug 017 or (+9.2%). Average single family home prices fell (-6.4%) or $302,057 in Sep 017 VS $321,859 in Aug 017. Inventories (listings) steady in Sep 017 VS Aug 017. Rentals were up (see link) Read more

The Houston single family Housing and Rental Market rebounded nicely in Sep. 017 after Aug losses due to hurricane Harvey. The year 2017 continues to outpace 2016's record performing year. (see Link). New Jobs are credited for this upswing Read more

Houston Single Family home sales gained (+15%) in Sept 017 with 6,913 sold vs 5917 sold in Aug 017. Average home prices fell (1.6%) in Sept 017 to $291,767 VS $296,418 Aug 017. Rentals and listings (inventory) was positive in Sept 017. The average monthly rental rates rose to $1,886 in Sep. +(1.5%) Read more

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