Roger Martin Properties' Market Report

Houston, TX 77007

Single-Family Homes

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



Houston, TX 77007

Thu Sep 20 2018
This week the median list price for Houston, TX 77007 is $489,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has held steady at or around 418. 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Houston, TX 77007

Thu Sep 20 2018
This week the median list price for Houston, TX 77007 is $489,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has held steady at or around 418. 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $489,000
Per Square Foot $207
Days on Market 113
Price Decreased 42%
Price Increased 2%
Relisted 20%
Inventory 418
Median House Rent $1,200
Most Expensive $3,950,000
Least Expensive $175,000
Market Action Index
Slight Buyer's Advantage
28

We continue to see prices in this zip code bounce 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
$872,000 3,399 0 - 4,500 sqft 3 3 9 6 1 146
$545,000 2,495 0 - 4,500 sqft 3 3 3 12 3 99
$459,000 2,339 0 - 4,500 sqft 3 3 3 10 4 117
$368,000 2,128 0 - 4,500 sqft 3 3 12 11 10 90