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

March 2018

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National market update

Existing-Home Sales Slip 3.2 Percent in January

WASHINGTON (February 21, 2018) — Existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors®. All major regions saw monthly and annual sales declines last month.





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TCost-Conscious Buyers Are Flocking to These 10 Affordable, Midsize Cities

A severe housing shortage, sky-high home prices, and equally towering costs of living in the priciest cities are pushing wannabe home buyers to seek out smaller, more affordable metro markets around the nation.





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National housing indicators

Existing home sales (Jan)

5.38 millions units*

Existing home median price (Jan)

$240,500

Housing Starts (Jan)

1.326 millions units*

New home sales (Dec)

0.625*

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

National economic indicators

Home ownership

4th Quarter 2017

64.2%

3rd Quarter 2017

63.9%

The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).

New home sales

December 2017

-9.3.5%

January 2018

-7.8%

Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (±19.0 percent)* below the revised December rate of 643,000 and is 1.0 percent (±16.4 percent)* below the January 2017 estimate of 599,000

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 Oct 018 with 814 Homes Sold VS 828 in Oct 017 or (-1.7%). Average single family home prices fell (-0.7%) or $300,706 in Oct 018 VS $303,041 in Oct 017. Inventories (listings) increased (2.7%) in Oct. 018 vs Oct 017 (see link) Read more

The Houston Single Family Housing Market rebounded from poor sales in Sept. 018 and returned to a more normalized condition in Oct. 018 with gains in both sales volume and pricing. The housing market in 2018 holds a 5.3% rise in sales over a record sales year in 2017 Read more

Houston Single Family home sales rose (+4.7%) or 6,716 in Oct 018 vs 6,417 in Oct 017. Average home prices rose (+3.5%) in Oct 018 or $294,500 VS $284,659 in Oct 017. Single family leases rose (+7.3%) in Oct 018 VS Oct 017. Average lease prices fell in Oct 018 to $1,754 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.