Roger Martin Properties' Market Report
Houston, TX 77006
Single-Family Homes
www.rogermartinproperties.com | 713-661-2300 | roger@rogermartin.com
Houston, TX 77006
Thu Jan 23 2020
This week the median list price for Houston, TX 77006 is $719,900 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has held steady at or around 93.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
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
| Median List Price | $719,900 | |
| Per Square Foot | $271 | |
| Days on Market | 214 | |
| Price Decreased | 38% | |
| Price Increased | 1% | |
| Relisted | 17% | |
| Inventory | 93 | |
| Median Rent | $2,600 | |
| Most Expensive | $18,000,000 | |
| Least Expensive | $379,000 | |
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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 |
|---|---|---|---|---|---|---|---|---|
| $1,515,875 | 4,335 | 6,500 - 8,000 sqft | 4 | 4 | 15 | 2 | 1 | 238 |
| $834,900 | 3,400 | 0 - 4,500 sqft | 3 | 3 | 6 | 1 | 4 | 252 |
| $650,000 | 2,489 | 0 - 4,500 sqft | 3 | 3 | 2 | 0 | 1 | 225 |
| $577,000 | 2,310 | 0 - 4,500 sqft | 3 | 2 | 18 | 1 | 6 | 142 |