January 2017 Houston Market Update

Last month we saw just under 6500 homes and condos come on the market for a total active market of homes, townhomes, and condos just under 26k. Both Townhomes/Condos and Single family homes are both seeing 4 months of inventory. We’re also seeing an average sales prices of 291k for homes and 192k for townhomes/condos.

If you are thinking about selling now is the time! Last month it took an average of just under two months for a home to sell, and then it will take an average of one more month to close. So if you are thinking of selling in April or May you really need to call me because we will need to start working to get your home listed now. Call or email me and lets setup a time to discuss what your home could sell for today.

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