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 17 2019
This week the median list price for Houston, TX 77006 is $743,950 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 94. 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 begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Houston, TX 77006

Thu Jan 17 2019
This week the median list price for Houston, TX 77006 is $743,950 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 94. 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 begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $743,950
Per Square Foot $268
Days on Market 181
Price Decreased 28%
Price Increased 6%
Relisted 13%
Inventory 94
Median House Rent $1,300
Most Expensive $6,870,000
Least Expensive $365,000
Market Action Index
Slight Buyer's Advantage
25

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$1,650,000 4,303 4,500 - 6,500 sqft 4 4 3 1 1 191
$889,000 3,191 0 - 4,500 sqft 3 3 6 2 1 258
$649,950 2,769 0 - 4,500 sqft 3 3 6 3 2 133
$508,000 2,234 0 - 4,500 sqft 3 2 13 1 4 144