Roger Martin Properties' Market Report

Houston, TX 77019

Single-Family Homes

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



Houston, TX 77019

Thu Jan 17 2019
This week the median list price for Houston, TX 77019 is $1,724,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 88. 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

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Houston, TX 77019

Thu Jan 17 2019
This week the median list price for Houston, TX 77019 is $1,724,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 88. 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

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Houston market.
Median List Price $1,724,500
Per Square Foot $379
Days on Market 163
Price Decreased 34%
Price Increased 1%
Relisted 15%
Inventory 88
Median House Rent $2,000
Most Expensive $22,000,000
Least Expensive $299,000
Market Action Index
Slight Buyer's Advantage
27

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$5,375,000 7,156 0.5 - 1 acre 5 6 56 0 0 165
$2,850,000 5,544 8,000 - 10,000 sqft 4 5 12 1 0 208
$965,000 3,479 0 - 4,500 sqft 4 4 10 2 4 125
$599,900 2,682 0 - 4,500 sqft 3 3 6 0 2 154