Video: Real Estate Community Tour for 77054 (Houston, TX)
See Real estate community tour for 77054 (Houston, TX)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was stable from one year earlier, and up 2% from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 25%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 150-thousand dollars. The number of units sold decreased 46% year-over-year, and decreased 11% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.