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.
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