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Susan Annoura

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(832) 725-7880  https://www.har.com/SusanKwokAnnoura
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Houston Real Estate Market- January 2013 Report

February 19th, 2013



Just released today, data for the Houston real estate market for January 2013.  In a word, the Houston real estate market continues to stretch and grow.  Months of inventory is at 3.6 months, the lowest in 13 YEARS.  3,899 homes were sold in Houston in January 2013, with home prices up an average of 3.4% since last January 2012.  For townhouses and condos, a total of 320 units sold in January 2013 (up from 266 units in January 2012).  Volume-wise, this is a 20% increase.  The average townhouse/condo price skyrocketed 23.5% to $172,313 (compared with last January 2012).

As for lease properties, the average rent in January 2013 for single-family lease homes was $1548 and $1393 for townhouse/condos- this is a 7.4% and 9.3% increase compared to January 2012. 

Here are the takeaways from today's report:

Houston Real Estate Milestones in January
  • Single-family home sales increased 28.3 percent year-over-year, accounting for the market’s 20th consecutive monthly increase;
  • Total dollar volume jumped 25.9 percent, increasing from $1.1 billion to $1.4 billion on a year-over-year basis;
  • Total dollar volume jumped 33.6 percent, increasing from $680 million to $908 million on a year-over-year basis;
  • At $200,296, the single-family home average price reached the highest level for a January in Houston;
  • At $150,000, the single-family home median price also reached an historic high for a January in Houston;
  • 3.6 months inventory of single-family homes is the lowest level since December 1999 and is lower than the national average of 4.4 months;
  • Sales of townhouses/condominiums rose 20.3 percent year-over-year.

    See HAR Chairman, Danny Frank, report live here:
    http://youtu.be/1jbgbRDN-pU

Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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Annoura Realty Group, LLC
9805 Katy Freeway Ste 850, Houston, TX 77024   Get Directions
Phone: (832) 725-7880
Fax: (832) 778-5048
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