Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com



Houston, TX 77006

Tue Mar 26 2019
This week the median list price for Houston, TX 77006 is $799,999 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 103. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Houston, TX 77006

Tue Mar 26 2019
This week the median list price for Houston, TX 77006 is $799,999 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 103. Click here to stay informed with the Houston market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $799,999
Per Square Foot $268
Days on Market 169
Price Decreased 36%
Price Increased 5%
Relisted 25%
Inventory 103
Median House Rent $2,845
Most Expensive $6,495,000
Least Expensive $379,000
Market Action Index
Slight Buyer's Advantage
28

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,748,000 4,347 4,500 - 6,500 sqft 4 4 1 3 0 228
$919,950 3,412 0 - 4,500 sqft 3 3 4 2 2 198
$729,450 2,935 0 - 4,500 sqft 3 3 2 2 2 111
$527,450 2,378 0 - 4,500 sqft 3 3 11 1 6 142