Houston Area Real Estate Market Update: March 2013

HAR (Houston Association of Realtors) has released their February numbers. Please contact me for additional information or if you have any questions.

The Highlights are:

  • The median price of existing single-family homes increased to $165,000 up 8.9% vs Jan-13. This is still lower than the highs seen in December and June of last year.
  • Existing single-family home sales increased 10.3% from Jan-13 for a Feb-13 total of 4,213 sold units. This is normal since peek sales are usually during the summer months when kids are out of school.
  • Condos decreased in price to $142,000 down -1.7% vs Jan-13.
  • Existing condo sales increased 22.7% in Feb-13 over Jan-13 for a total of 475 sold units.
  • Feb-13 Houston Association of REALTORS® Regional Sales and Price Activity
Houston Association of REALTORS®

Median Price

Percent Change in Price from Prior Month

Percent Change in Price from Prior Year

Total # Units

Percent Change in Sales from Prior Month

Percent Change in Sales from Prior Year

 

Feb-13

Jan-13

Feb-12

Feb-13

Jan-13

Feb-12

MLS Wide

 

 

 

 

 

 

HAR (Single Family)

$165,000

8.9%

10.0%

4,213

10.3%

11.3%

HAR (Condo)

$142,000

-1.7%

3.1%

475

22.7%

23.7%

 

 

 

 

 

 

 

HAR Region Cities

 

 

 

 

 

 

Single Family Only

 

 

 

 

 

 

Alvin

$115,000

-25.4%

-23.3%

21

50.0%

90.9%

Baytown

$104,500

-15.9%

1.0%

66

13.8%

10.0%

Bellaire

$696,250

-20.9%

19.2%

14

-12.5%

0.0%

Channelview

$50,000

-18.0%

-23.2%

5

-37.5%

-50.0%

Cleveland

$53,000

-40.1%

-39.4%

7

-50.0%

-12.5%

Conroe

$153,300

3.9%

22.2%

85

11.8%

2.4%

Crosby

$130,500

8.3%

6.1%

25

108.3%

127.3%

Cypress

$191,250

16.6%

6.3%

170

14.1%

1.2%

Deer Park

$102,000

-20.5%

-17.1%

19

0.0%

46.2%

Dickinson

$135,250

-1.6%

1.6%

28

-3.4%

-17.6%

Fresno

$128,975

-6.4%

17.8%

25

25.0%

13.6%

Friendswood

$160,000

5.0%

-29.2%

41

2.5%

13.9%

Galveston

$173,000

11.6%

-7.9%

37

-9.8%

8.8%

Houston

$159,900

21.1%

20.1%

1,320

5.4%

6.3%

Humble

$145,000

20.8%

20.8%

141

11.0%

6.8%

Hunters Creek

 

 

 

0

 

-100.0%

Huntsville

$114,750

-6.3%

-18.0%

15

66.7%

-11.8%

Katy

$174,556

2.7%

2.7%

353

19.3%

12.1%

Kingwood

$179,000

-11.8%

-0.6%

56

24.4%

36.6%

La Marque

$100,000

62.6%

33.3%

15

7.1%

66.7%

La Porte

$105,950

-13.2%

37.2%

20

-13.0%

53.8%

League City

$215,000

16.2%

27.2%

93

31.0%

-1.1%

Livingston

$92,500

-35.4%

-11.9%

14

16.7%

-30.0%

Magnolia

$205,000

-2.9%

-24.8%

43

7.5%

43.3%

Manvel

$214,900

8.7%

24.2%

17

0.0%

70.0%

Missouri City

$168,000

4.1%

-10.9%

78

-9.3%

2.6%

Montgomery

$229,900

16.7%

6.7%

61

0.0%

5.2%

Pasadena

$89,700

8.7%

-0.2%

68

15.3%

51.1%

Pearland

$169,900

-4.6%

-7.9%

117

20.6%

28.6%

Porter

$156,250

-9.6%

-20.9%

28

75.0%

16.7%

Richmond

$186,000

-7.0%

6.3%

119

6.3%

2.6%

Rosenberg

$164,580

15.5%

22.5%

20

-31.0%

-41.2%

Rosharon

$180,000

14.4%

33.3%

16

6.7%

-23.8%

Santa Fe

$146,750

-8.7%

17.4%

8

-33.3%

14.3%

Seabrook

$186,000

3.9%

8.3%

23

53.3%

43.8%

South Side Place

 

 

 

0

-100.0%

 

Spring

$164,900

9.4%

13.0%

293

4.6%

2.1%

Sugar Land

$238,500

-8.3%

-3.0%

117

15.8%

15.8%

Texas City

$75,000

-4.8%

25.5%

21

-4.5%

75.0%

The Woodlands

$298,175

-6.5%

-6.2%

108

4.9%

33.3%

Tomball

$158,450

-4.8%

17.4%

84

23.5%

23.5%

Willis

$159,000

63.1%

74.9%

22

46.7%

-12.0%

Single Family = Single-Family, Patio Home, Duplex, Historic, Free Standing
Condo = Townhouse/Condo
Reports generated from Clarus MarketMetrics®

Contact your REALTOR® for additional local market trends in your neighborhood. Reports were generated from Clarus MarketMetrics®. Clarus MarketMetrics® is available on a monthly or annual subscription basis to HARMLS members. To register for an account, visit www.clarusresource.com/mm.

The Houston Association of REALTORS® (HAR), founded in 1918, is a 26,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual membership trade association in Houston, as well as the second largest local association/board of REALTORS® in the United States. Visit our web site at www.har.com.

If would like to know more, please contact me directly:

Jodie “Queen Bee” Collins, Realtor

JodieCollins.com

jodiecollins@kw.com

832-858-3134

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