Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Wed Jul 17 2019
This week the median list price for Houston, TX 77008 is $500,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 327. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Houston, TX 77008

Wed Jul 17 2019
This week the median list price for Houston, TX 77008 is $500,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 327. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $500,000
Per Square Foot $220
Days on Market 104
Price Decreased 46%
Price Increased 3%
Relisted 17%
Inventory 327
Median House Rent $1,323
Most Expensive $2,700,000
Least Expensive $295,000
Market Action Index
Slight Seller's Advantage
37

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
$848,944 3,154 4,500 - 6,500 sqft 4 3 6 6 7 113
$582,500 2,533 0 - 4,500 sqft 3 2 13 10 6 101
$449,950 2,200 0 - 4,500 sqft 3 3 7 6 11 115
$389,000 2,038 0 - 4,500 sqft 3 3 6 8 16 86