2019 has been a year of Houston Housing Market Registration



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Houston real estate sales have hit new levels of volume and value in 2019.

Houston Association of Realtor & # 39; s (HAR) annual report, released today, points to the sale of single-family homes at 86,205, an increase of 4.8% over 82,229 in 2018, itself a record year. Total dollar volume rose 6.7%, reaching a level of $ 30 billion for all types of assets, surpassing 100,000 residential sales for the first time ever.

December 2019 also ended strongly, with a 14.7% year-over-year rise to 7,505 homes. The dust was the largest one percent of the year. Total dollar volume rose 18% to $ 2.7 billion.

Is it behind the run? Real sources from HAR and Houston pointed to lower mortgage interest rates, a healthier job market in the region and better housing availability. Going forward, however, the items below can summarize the options.

It's an election year, which can affect the market no matter who's competing, said Marilyn Thompson, president of Real Turner Sotheby International Realty.

Beautiful – and Great End

"During the late fall of 2019, we felt we were heading into a record year in Houston's real estate, but no one expected it to be this strong end," HAR chairman John Nugent told the R / Center's Chamber of Commerce. .

"The cities and condominiums had food climbs and the luxury markets were slightly cooler, but overall, 2019 was a wonderful year," he said. "Until the Houston economy is healthy and we have seen some improvements on the production of housing, we expect 2020 to start a good start."

In December, home sales were $ 250,000 to $ 500,000 a "rocket" 27% higher than 2018.

This section worked well because they support new migrants moving to Houston to work great, as many buyers prefer to find a home in many areas of cash, Thompson said. Lower loan rates, on the other hand, contributed to the number of sales by increasing purchasing pools. “I think they have made a significant difference for home buyers,” she said of the 2019 real estate trends.

Housing is worth & nbsp; $ 150,000 to $ 250,000 and $ 750,000 and above weighing 13.7% and 12.7%, respectively.

High-rise apartments have been sold well – if they are priced correctly, Thompson noted. Buyers are poor people who are aware of similar sales, she said. They will not bite you if the price is unreasonable. Another factor in the market was a new building, especially in Houston's largest neighborhoods, which has impacted the sales volume of this unit, she said. "There is a big difference between a house built in 2019 and a house built in 1950 or even earlier."

At the lower end of the housing range, sales fell by 20% for properties that were less than $ 100,000 and 15% of those valued at $ 100,000 to $ 150,000.

The decline in affordable and affordable housing shows the city is growing, said Nancy Almodovar, president & CEO of Nan & amp; Co./Christie&#39 ;s Real Estate. "Houston has always had the most affordable homes compared to other major cities," she said. "Our prices are rising now and it is becoming increasingly difficult to find a home that varies with that price – even in surrounding neighborhoods."

A company with a customer base of nearly 1,000 years – about 67% – Almodovar is optimistic about the Houston real estate market by 2020.

And so, apparently, they are big property businesses, either co-owned or purchased by the Houston agency. The latest example is New York real estate salesman Douglas Elliman, who was acquired in December 2019 by Houston-based John Daugherty Realtors.

At the end of the year, Houston's median household value stands at $ 251,000, and the average shyness is $ 313,000.

The construction of a single-family home nearly 3.4 months in stock and market days – the average time a home is sold – have given a day to 63.

Townhome and condominium sales in the same year would flow, shady figures have shown, but also the end of a year, up to 14%, with an average 10% price increase to $ 227.239. Renting decreased by 5.5%, with average rents rising from 2.7% to $ 1,569.

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Houston real estate sales have hit new levels of volume and value in 2019.

Houston Association of Realtor & # 39; s (HAR) annual report, released today, points to the sale of single-family homes at 86,205, an increase of 4.8% over 82,229 in 2018, itself a record year. Total dollar volume rose 6.7%, reaching a level of $ 30 billion for all types of assets, surpassing 100,000 residential sales for the first time ever.

December 2019 also ended strongly, with a 14.7% year-over-year rise to 7,505 homes. The dust was the largest one percent of the year. Total dollar volume rose 18% to $ 2.7 billion.

Is it behind the run? Real sources from HAR and Houston pointed to lower mortgage interest rates, a healthier job market in the region and better housing availability. Going forward, however, the items below can summarize the options.

It's an election year, which can affect the market no matter who's competing, said Marilyn Thompson, president of Real Turner Sotheby International Realty.

Beautiful – and Great End

"During the late fall of 2019, we felt we were heading into a record year in Houston's real estate, but no one expected it to be this strong end," HAR chairman John Nugent told the R / Center's Chamber of Commerce. .

"The cities and condominiums had food climbs and the luxury markets were slightly cooler, but overall, 2019 was a wonderful year," he said. "Until the Houston economy is healthy and we have seen some improvements on the production of housing, we expect 2020 to start a good start."

In December, home sales were $ 250,000 to $ 500,000 a "rocket" 27% higher than 2018.

This section worked well because they support new migrants moving to Houston to work great, as many buyers prefer to find a home in many areas of cash, Thompson said. Lower loan rates, on the other hand, contributed to the number of sales by increasing purchasing pools. “I think they have made a significant difference for home buyers,” she said of the 2019 real estate trends.

Homes valued at $ 150,000 to $ 250,000 and $ 750,000 and above were weighing 13.7% and 12.7%, respectively.

High-rise apartments have been sold well – if they are priced correctly, Thompson noted. Buyers are poor people who are aware of similar sales, she said. They will not bite you if the price is unreasonable. Another factor in the market was a new building, especially in Houston's largest neighborhoods, which has impacted the sales volume of this unit, she said. "There is a big difference between a house built in 2019 and a house built in 1950 or even earlier."

At the lower end of the housing range, sales fell by 20% for properties that were less than $ 100,000 and 15% of those valued at $ 100,000 to $ 150,000.

The decline in affordable and affordable homes reflects the city's growth, said Nancy Almodovar, president and CEO of Nan & Co./Christie International Real Estate. "Houston has always had the most affordable homes compared to other major cities," she said. "Our prices are rising now and it is becoming increasingly difficult to find a home that varies with that price – even in surrounding neighborhoods."

A company with a customer base of nearly 1,000 years – about 67% – Almodovar is optimistic about the Houston real estate market by 2020.

And so, apparently, they are big property businesses, either co-owned or purchased by the Houston agency. The latest example is New York real estate salesman Douglas Elliman, who was acquired in December 2019 by Houston-based John Daugherty Realtors.

At the end of the year, Houston's median household value stands at $ 251,000, and the average shyness is $ 313,000.

The construction of single-family homes is narrowed to a 3.4-month supply and market days – the average time a home is sold – are paid for up to 63 days.

Townhome and condominium sales in the same year would flow, shady figures have shown, but also the end of a year, up to 14%, with an average 10% price increase to $ 227.239. Renting decreased by 5.5%, with average rents rising from 2.7% to $ 1,569.

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