Roger Martin Properties' Market Report

Houston, TX 77008

Single-Family Homes

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



Houston, TX 77008

Mon Nov 19 2018
This week the median list price for Houston, TX 77008 is $474,999 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 325. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Houston, TX 77008

Mon Nov 19 2018
This week the median list price for Houston, TX 77008 is $474,999 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 325. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $474,999
Per Square Foot $215
Days on Market 133
Price Decreased 37%
Price Increased 5%
Relisted 18%
Inventory 325
Median House Rent $1,795
Most Expensive $3,562,990
Least Expensive $290,000
Market Action Index
Slight Seller's Advantage
32

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 3,162 4,500 - 6,500 sqft 4 3 2 7 6 133
$579,900 2,491 0 - 4,500 sqft 3 3 7 1 5 148
$419,900 2,156 0 - 4,500 sqft 3 3 5 7 6 116
$374,750 2,020 0 - 4,500 sqft 3 3 5 7 6 134