Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Thu Sep 20 2018
This week the median list price for Houston, TX 77008 is $498,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 341. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Houston, TX 77008

Thu Sep 20 2018
This week the median list price for Houston, TX 77008 is $498,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 341. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $498,000
Per Square Foot $220
Days on Market 118
Price Decreased 40%
Price Increased 6%
Relisted 18%
Inventory 341
Median House Rent
Most Expensive $3,562,990
Least Expensive $269,500
Market Action Index
Slight Seller's Advantage
34

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
$899,000 3,019 4,500 - 6,500 sqft 3 3 4 7 5 114
$575,000 2,501 0 - 4,500 sqft 3 2 8 8 5 149
$429,900 2,191 0 - 4,500 sqft 3 3 5 7 13 98
$373,750 2,047 0 - 4,500 sqft 3 3 5 9 8 111