Roger Martin Properties' Market Report

Houston, TX 77006

Single-Family Homes

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



Houston, TX 77006

Sun May 26 2019
This week the median list price for Houston, TX 77006 is $749,400 with the market action index hovering around 28. This is about the same as 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

Sun May 26 2019
This week the median list price for Houston, TX 77006 is $749,400 with the market action index hovering around 28. This is about the same as 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 $749,400
Per Square Foot $286
Days on Market 146
Price Decreased 40%
Price Increased 2%
Relisted 17%
Inventory 120
Median House Rent $2,625
Most Expensive $6,495,000
Least Expensive $337,500
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
$1,530,000 4,276 4,500 - 6,500 sqft 4 4 8 0 2 222
$837,000 2,916 0 - 4,500 sqft 3 3 7 4 2 187
$699,000 2,571 0 - 4,500 sqft 3 3 4 3 1 74
$594,450 2,272 0 - 4,500 sqft 3 2 16 0 1 101