Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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


Houston, TX 77008

Tue May 21 2019
This week the median list price for Houston, TX 77008 is $499,949 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 320. 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 Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Houston, TX 77008

Tue May 21 2019
This week the median list price for Houston, TX 77008 is $499,949 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 320. 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 Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $499,949
Per Square Foot $219
Days on Market 110
Price Decreased 39%
Price Increased 4%
Relisted 15%
Inventory 320
Median House Rent $2,495
Most Expensive $2,750,000
Least Expensive $289,000
Market Action Index
Slight Seller's Advantage 		36

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$782,000 2,985 4,500 - 6,500 sqft 3 3 5 7 11 103
$579,450 2,528 0 - 4,500 sqft 3 2 5 6 9 120
$433,936 2,130 0 - 4,500 sqft 3 3 6 14 11 98
$379,000 2,029 0 - 4,500 sqft 3 2 6 7 7 119