April 2016

Courtesty of Houston Association of Realtors

THE HOUSTON HOUSING MARKET HEATS UP IN MAY

Growing inventory helps meet increased buyer demand; pricing eases

 

HOUSTON — (June 15, 2016) — Steady growth in the supply of homes provided the fuel needed to help boost to the Houston real estate market in May, with single-family home sales up 10 percent year-over-year. As the market has seen for several months, the greatest concentration of home buying continued to take place among mid-range housing—homes priced between $150,000 and $500,000. The average and median price remained virtually the same as May of 2015.

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Featured Neighborhood

Bonbrook Plantation

Would you like to be my neighbor, literally? Check out my rudimentary video of the brand new homes for $100/sqft and 35 minutes from the Galleria (if you leave early enough :)) 

Bonbrook Plantation is located south of the Greatwood neighborhood about 5 minutes. The Grandparkway will be started in the future, extending further south of 99 down Crabb River Rd. In addition, Richmond/Rosenberg is getting an outlet mall. So, there is lots of opportunity out this way.