Interested in investing in the Houston real estate market in 2020? Coldwell Banker estimates the median home price in Houston is $367,000. What's Your Home Worth? If you invest wisely in Houston real estate, you could secure your future. Mid West Houston, where the average monthly rent is $1,068. This housing market was impacted by the pandemic and slumping oil prices which led to a decline in home sales. Let’s move. Houston, Texas real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Houston homes for sale market. As the fourth most populous city in the U.S., Houston … Coronavirus has driven the Houston housing market into uncharted territory, however, we do know for certain that consumers have shown unwavering interest in real estate since the pandemic began,” said HAR Chairman John Nugent with RE/MAX Space Center. Year-over-year, Houston-area home sales were up in October for the fifth straight month as … If you want to increase your cash-flow in 2021, you will find great deals in the Houston real estate market. Single-family home sales, total property sales, pricing, total volume, and inventory all increased year-over-year from 2018. This indicates that the prices will rise in 2021. 30251 Golden Lantern, Suite E-261 The supply of homes for sale in Houston has fallen to its lowest level in nearly six years. The El Paso real estate market is another hot market to invest in. Here is Zillow's home price forecast for Houston, Harris County, and Houston – The Woodlands-Sugar Land. Through the third quarter of 2018, the Houston metro economy has displayed marked improvements after weathering the impacts of both Hurricane Harvey and the 2014 oil crash. See Houston real estate market trends at a glance with Guaranteed Rate's Market Research Center. Since 2012, Houston's home values (middle price tier of homes) have appreciated from $117,000 to $199,976, according to Zillow’s Home Value Index. El Paso real estate market was ranked at 4th in Trulia’s hottest real estate markets to watch in 2018. The average Houston house price was $270K last month, up 8.9% since last year. We always recommend doing your research and take the help of a real estate investment counselor. Home sales in Greater Houston don’t look to be slowing down anytime soon. Real estate prices are deeply cyclical and much of it is dependent on factors you can’t control. Houston, Texas real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Houston homes for sale market. That trend continued last year. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of Houston. Hurricane Harvey tremendously impacted the real estate market in Houston, Texas. People living in more expensive cities such as New York, Los Angeles, and San Francisco flocked to cheaper living cities such as Houston, Texas. It is not surprising, then, that investors have flocked to the area with the idea of making a quick buck. This means, in the last 7 years (2012 to 2019), 3 bedroom homes in Houston have appreciated by 61%. There are fewer homes for sale than there are active buyers in the marketplace. We’re standing by to help you take the guesswork out of real estate investing. After a stellar performance in February, the month of March saw very little disruption in the real estate activities. Homes between $250,000 and $500,000, which make up the market’s biggest share of sales, also achieved notable increases over last year. On this page you’ll learn about housing market trends and statistics to help you make that decision. Sales of all property types totaled 11,232 – up 31.5 percent from October 2019. These numbers can be positive or negative depending on which side of the fence you are — Buyer or Seller? This is good news for investors interested in strong cash flow opportunities. Comments. The Houston region ranked as the nation's top-selling metro area for new homes sales, logging more than 5,000 sales across eight master planned communities among the … However, as can be seen in the above reports released by HAR, the pent-up demand resulting from COVID-19 boosted home sales in June. With an extremely diversified economy and a huge demand for housing, Houston remains one of the top markets in the nation for real estate investing. We will discuss the latest Houston housing market trends & forecasts and find out how the market recovering in this region from the impact of the pandemic. Even as Houston's home prices have reached new heights, the market remains attractive to residential real estate investors. Year-over-year, Houston-area home sales were up in October for the fifth straight month as the summer selling season has pushed into the fall. The trends below are based on a review of predictions by various experts on Houston properties as well as our own real estate market analysis. At 655 square miles, the city of Houston could contain the cities of New York, Washington, Boston, San Francisco, Seattle, Minneapolis and Miami. Price decrease listings 158. Please do not make any real estate or financial decisions based solely on the information found within this article. Most of these variables are difficult to predict in advance. Free real estate market report on Houston Texas real estate sales home prices and neighborhood trends ... Sign Up For A Free Houston Market Report - View Market Trends and Home Values in your neighborhood in the Houston Texas area. 77009 Real Estate Trends & Market Info. Before the pandemic, the average rent for an apartment in Houston was $1,118, a 2% increase compared to the previous year, according to RENTCafe. NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. 7,566 single-family homes were sold in March compared to 6,995 a year earlier, accounting for an 8.2 percent increase and the ninth consecutive month of positive sales. More Info. https://www.realtor.com/realestateandhomes-search/Houston_TX/overview, Rental Statistics But Houston has shown its trademark resilience, and 2018 is predicted to see real estate growth of 2.8% in the city, meaning now would be a good time to invest. They’re choosing to rent over buying a single-family home or an apartment. There exists a limited supply of homes in Houston, and buyers are forced to compete often resulting in higher prices and/or quicker sales that tend to benefit sellers. The Central, Cielo Vista, and Mesa Hills areas offer more affordable rental properties for sale, while neighborhoods in the northwestern and eastern parts of the metro area have some of the more expensive housing inventory. According to Neighborhoodscout.com, a real estate data provider, one and two-bedroom single-family detached homes are the most common housing units in Houston. https://www.rentcafe.com/average-rent-market-trends/us/tx/houston/ See South Houston real estate market trends at a glance with Guaranteed Rate's Market Research Center. https://www.realtytrac.com/statsandtrends/foreclosuretrends/tx/harris-county/houston, Downtown Houston The rental statistics for single-family homes and townhomes/condominiums are staggering. With interactive graphs of inventory, price per square foot, median list prices, and days on the market, anyone can stay on top of Houston real estate market trends. Home sales experienced another double-digit gain in February 2020 as buyers came out in droves to take advantage of low mortgage rates. 10% of the apartments are in the price range of $1,500 to $2,000 whereas 10% cost more than $2,000/month. In the last 7 years (2012 to 2019), 3 bedroom homes in Houston have appreciated by 61%. Vacant housing appears to be an issue in Houston. Other types of housing that are prevalent in Houston include large apartment complexes, duplexes, rowhouses, and homes converted to apartments. The lower-end homes (<$150,000) once again posted a year over year decline in sales. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Houston. However, the fear of pandemic and its impact on real estate sales is still looming large due to a spike in cases across greater Houston and other parts of Texas. San Antonio has a dearth of affordable housing because demand is so much greater than the supply. Home sales starting declining from April onwards as the Coronavirus pandemic gripped the nation. Leases of single-family homes fell 11.1 percent year-over-year while leases of townhomes and condominiums tumbled 4.0 percent. As demographics change and baby boomers retire, you’re seeing Millennials who may not be ready to buy houses. Left unchecked, vacant Houston homes and apartments can be a drag on the real estate market, holding Houston real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Even with rent increases, buying a $500,000 investment property in Houston is not going to get you $5000 per month on rent. In any property investment, cash flow is gold. Total dollar volume for March jumped 11.0 percent to slightly more than $2.6 billion. The Days on Market (DOM) figure for single-family homes grew from 54 to 58 days. 2. Expect the market to dip around September to November as campaign ads and electioneering pull buyers out of the market pool. According to Walletinvestor’s Houston real estate market research, home values will increase in the next 12 months. It will continue to play a major role in home-price trends in 2014, as well. Houston area real estate market trends By Kate McQueen Real Estate Agent with CB&A Realtors 599921 Texas Email Short URL Share: February 13, 2015 05:32 AM. Houston Housing Market: House Prices & Trends | Redfin. Houston, TX . With a slew of pending transactions converting to closed sales in August, the Houston housing market achieved its third consecutive month of positive home sales. More than 80% of the apartments in Houston fall in the price range of $1,500 or less. During his more than 30 years of experience, Jim has worked with public and private companies across many segments of the RE&C sector including REITs, and private equity companies. This shows us that the number of jobs in Houston is growing faster than many other cities in America. Here are some foreclosure statistics of the Houston housing market. Houston is a minimally walkable city in Harris County with a population of, Top Reasons To Invest In The Houston Real Estate Market, https://www.zillow.com/houston-tx/home-values, https://www.neighborhoodscout.com/tx/houston/real-estate, https://www.littlebighomes.com/real-estate-houston.html, https://www.realtor.com/realestateandhomes-search/Houston_TX/overview, https://www.rentcafe.com/average-rent-market-trends/us/tx/houston/, https://www.rentjungle.com/average-rent-in-houston-rent-trends/, https://www.realtytrac.com/statsandtrends/foreclosuretrends/tx/harris-county/houston, https://www.downtownhouston.org/development, https://www.houstonproperties.com/hurricane-harvey-impact-houston-realestate, https://www.bizjournals.com/houston/news/2017/10/11/following-harvey-houston-sees-home-sales-rebound.html, http://www.chron.com/business/real-estate/article/Houston-real-estate-market-continues-post-Harvey-12341532.php, https://www.npr.org/2017/11/08/562903267/some-real-estate-investors-eager-to-buy-houston-homes-damaged-by-flooding, Houston Real Estate Market Forecast 2021 (Updated), Houston Housing Market 2020 Summary: Prices | Sales | Inventory, Houston Real Estate Market After Hurricane Harvey, 17 Facts That Make Houston the Best City in America. “No one could have imagined 2017 turning out to be a record-setting year for the Houston real estate market, which had weathered the effects of the energy slump only to have Harvey strike such a devastating blow,” said HAR Chair Kenya Burrell-VanWormer in the association’s January 2018 news release. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. Houston Real Estate Market Trends. Total dollar volume dove 25.9 percent to $2.23 billion. But real estate analysts and agents say the record run may come to an end in 2019. Fort Sam Houston is located inside the city limits. Log InSign Up. Hence, it is a good time to buy a house in Houston. “We know that many are still working tirelessly to rebuild their lives after Harvey, but overall, … Here is a short and crisp Houston housing market forecast for the 3 years ending with the 3rd Quarter of 2021. There was a time when Houston seemed immune to the highs and lows of housing cycles, but it now seems to have joined the pace of the national average. As with any real estate purchase, act wisely. To learn even more about the Houston real estate market and to view sample rental property pro formas, ... Dallas Real Estate Market Trends and Statistics 2019 - Duration: 5:27. In 2012, the median price of 3 bedroom homes in Houston was $109,000. This shows us that Houston offers investors a very strong opportunity to generate cash flow, at a significantly higher rent-to-purchase ratio than the national average. The inventory of single-family homes shrank to a 3.5-months of supply in May versus 4.1-months a year earlier. Jan 6, 2021, 8:30 am CST . Its annual appreciation rate has been averaging at 4.69%. Before April, home sales had been outpacing 2019’s record volume as consumers took advantage of historically low-interest rates. If you have decided to invest in Dallas, you can either buy a fixer-upper or you may want to buy a Dallas investment property. The next one is the San Antonio real estate market. For the upcoming updates, you can visit LittleBigHomes.com. The single-family home median price rose 11.1 percent to $266,685 while the average price increased 12.4 percent to $334,996. The government’s quick response to the tragedy and their overwhelming desire to help the people exhibits the city’s importance on a national, and continental, scale. While some economic activity has resumed, the housing market is expected to remain sluggish for the next couple of months. Sales of all property types totaled 8,965, up 6.9 percent from March 2019. According to many experts, Houston has been in seller mode for several years now and there’s no reason to think that will change in 2020. https://www.bizjournals.com/houston/news/2017/10/11/following-harvey-houston-sees-home-sales-rebound.html In October, the high end of the market once again registered the greatest sales volume increase, with mid-range homes also attracting heavy activity, according to the latest market report released by the Houston Association of Realtors (HAR). 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer more generous square footage. Greater than 2600 SF/117 Properties. Real Estate Prices Will Be Affordable. Add this chart to your website. Here is the Houston Association of REALTORS® real estate market update as of January 8, 2021. Single-family homes account for about 45% of Houston's housing units. Moreover, it's even harder to take out a mortgage for those who have student loan debt. Therefore, finding a good Houston real estate investment opportunity would be key to your success. Houston’s real estate market continues to defy logic as buyers keep snatching up homes at a record pace in 2020.. Interest rates are at historic lows, yes. We know there is a lack of housing relative to demand when a balanced market has a 6 month home inventory and San Antonio has only a two-month inventory. He’s also the host of the top-rated podcast – Passive Real Estate Investing. See how showings, new listings & sales trended day by day during the lock down. Pending sales, which have been strong over the last several weeks, also reflected mounting concerns related to a spike in coronavirus cases with a 3.6 percent decline for the week ending July 6 compared to the same week in 2019. Houston housing market down 37 percent already - and the forecast is gloomy. A value of 100 means the market has recovered to January 2020 pace. South Park, where the average rent goes for $599/month. Houston real estate market overview Houston offers residents a unique blend of southern charm and a metropolitan feel. Single-family home sales, total property sales, and total dollar volume all rose compared to August 2019. Good cash flow from Houston investment properties means the investment is, needless to say, profitable. The highest annual change in the value of houses in the Houston Real Estate Market was 18% in the twelve months ended with the 1st Quarter of 1982. An example would be: at $120,000 mortgage or investment cost, $1200 per month rental. The accuracy of this forecast for Houston is 76% and it is predicting a positive trend. Harvey’s devastating economic impacts have a silver lining for homebuyers in Houston. Investors are also intrigued by this statistic as it allows them to make money off of houses they may not be residing in at a given time. First, people have renewed interest in houses that were located in areas that did not flood. During the same period, 3 bedroom home values increased by 55% nationwide. As they continue to compete for potential investment properties at the lower end of the market, the challenges for first-time homebuyers will remain. Houston is also one of the hottest real estate markets in the nation. Real estate market forecasts given in this article are just an educated guess and should not be considered financial advice. Houston Real Estate Market: Prices | Trends | Forecast 2021. We donate 10% of all profits earned through real estate transactions. In 2018, Millennials made up about 22 percent of the population in the United States. Real Wealth Network, LLC is an educational company and is not acting as a real estate broker. Not just limited to Houston or Texas but you can also invest in some of the best real estate markets in the United States. As was expected the Houston housing market started well as we entered into 2020. 100-200K/4 Properties . 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