The November 2017 Houston Association of Realtors (HAR) report is out, showing Houston’s continued resiliency in the aftermath of Hurricane Harvey.  Despite the natural disaster, Houston single-family home sales are 3.3% ahead of last 2016’s year-to-date pace.

Broken out by housing segment, November sales performed as follows:

  • $1 – $99,999: increased 23.0 percent
  • $100,000 – $149,999: decreased 15.4 percent
  • $150,000 – $249,999: increased 14.3 percent
  • $250,000 – $499,999: increased 9.9 percent
  • $500,000 – $749,999: increased 12.6 percent
  • $750,000 and above: decreased 3.9 percent

All segments except for two showed increases in sales volume.  The luxury market (homes above $750,000), showed it’s first decrease in many months, dipping 3.9% year over year.

The single family median home price rose .3% over last year, reaching a new all-time November high of $225,725.
Houston Real Estate Remains Resilient – November 2017 HAR Report 1

Months of inventory was 3.7, up from 3.6 a year ago, which is encouraging considering the loss of supply during Harvey.

Here are some interesting quotes and statistics from the report:

“Single-family home sales continued their post-Hurricane Harvey comeback as volume rose 7.4 percent year-over-year with 6,184 units sold”


“The single-family home median price rose a fractional 0.3 percent to $225,725, which represents a November high”


“The single-family home average price increased 0.9 percent to $284,250, also the highest level for a November”


“Single-family homes months of inventory grew year-over-year to a 3.7-months supply, but is down from a 4.3-months pre-Harvey peak – the result of a surge in consumer demand for housing”


“Single-family home sales remain 3.3 percent ahead of 2016’s year-to-date volume”


“Days on Market (DOM) for single-family homes increased from 57 days in November 2016 to 61 days this November”


Total property sales 6,932 7,270 4.9%
Total dollar volume $1,839,212,584 $1,994,224,080 8.4%
Total active listings 36,318 37,914 4.4%
Single-family home sales 5,758 6,184 7.4%
Single-family average sales price $281,655 $284,250 0.9%
Single-family median sales price $224,995 $225,725 0.3%
Single-family months inventory* 3.6 3.7 0.1 mo.
Single-family pending sales 5,286 6,218 17.6%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.

Want to get a feel for the type of home that’s right for you in terms of size, rooms, amenities, and build time?

Most of the custom homes we build fall into four categories. Find out which category is a match for you based on your answers to a few simple questions. It takes less than a minute! Click here to get started.

If you would like more detail on a particular building step, or have any questions, please email or call/text Bryan at 713.851.4698.