Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Tue Jul 17 2018
This week the median list price for Houston, TX 77006 is $827,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 120. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Houston, TX 77006

Tue Jul 17 2018
This week the median list price for Houston, TX 77006 is $827,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 120. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $827,500
Per Square Foot $295
Days on Market 119
Price Decreased 36%
Price Increased 6%
Relisted 18%
Inventory 120
Median House Rent $2,800
Most Expensive $6,870,000
Least Expensive $368,500
Market Action Index
Slight Buyer's Advantage
27

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
$1,599,000 4,303 4,500 - 6,500 sqft 4 4 11 3 2 147
$899,900 3,222 0 - 4,500 sqft 3 3 3 3 1 150
$726,750 2,849 0 - 4,500 sqft 3 3 5 2 2 76
$547,000 2,313 0 - 4,500 sqft 3 2 16 3 4 105