Houston Market Movements - Week of Nov 27th

Home price appreciation is on the rise across most of the country, which is welcome news for homeowners that recall a time when it was not. Although trends vary by region and state, the overarching trend is increased prices, according to research performed by the National Association of REALTORS® on American Community Survey data from 2005 through 2016. Price growth is strongest in the South and less so in the Northeast, and only a few states show no growth or losses. Affordability is most favorable in the Midwest, and the West is least affordable, on average.

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In the Houston region, for the week ending November 19:

  • New Listings increased 1.8% to 2,182
  • Pending Sales increased 8.0% to 1,691
  • Closed Sales decreased 9.9% to 1,568

Source: Har.com