Roger Martin Properties' Market Report

Houston, TX 77030

Single-Family Homes

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


Houston, TX 77030

Tue Nov 13 2018
This week the median list price for Houston, TX 77030 is $949,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has held steady at or around 34. 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 been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Houston, TX 77030

Tue Nov 13 2018
This week the median list price for Houston, TX 77030 is $949,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has held steady at or around 34. 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 been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $949,000
Per Square Foot $360
Days on Market 119
Price Decreased 59%
Price Increased 3%
Relisted 15%
Inventory 34
Median House Rent $2,300
Most Expensive $2,675,000
Least Expensive $465,000
Market Action Index
Slight Buyer's Advantage 		26

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,037,500 4,889 6,500 - 8,000 sqft 4 4 7 0 0 161
$1,134,500 3,383 8,000 - 10,000 sqft 4 3 72 0 0 82
$795,000 2,466 6,500 - 8,000 sqft 3 2 68 0 1 120
$649,000 2,260 0 - 4,500 sqft 3 3 0 0 0 114