SignBoss Uncovers Realty Trends

In The Houston Area Using Internal Data

February 21, 2023

With over 2,000 real estate agents actively using Sign Boss to Install & Update their Listing Signage across the Greater Houston area, we've uncovered some surprising we have unique insight as to what's going on in the region.

Unlike raw MLS data that lacks context, or generic national reports that have little application to us agents here in Houston's unique housing market, ours speaks to exactly what's goin on (and what it means for you).

THE DATA

Our internal numbers in 2022 & 2023 compared:

WHAT IT MEANS

GENERAL ANALYSIS

The Houston housing market is currently experiencing steady growth, with both home sales and home prices on the rise. According to the Houston Association of Realtors, the median home price in Houston reached an all-time high in 2021 of $290,000, representing a 9.4% increase from the previous year. This price appreciation can be attributed to a combination of strong demand, limited supply, and historically low interest rates.

The pandemic has also played a role in the Houston housing market. The city's relatively low cost of living, compared to other major U.S. cities, has led to an influx of buyers from other areas who are looking for more space and lower living costs. As remote work has become more prevalent, many buyers have been able to relocate to Houston without having to worry about commute times.

In addition to the strong demand, there has been a limited supply of homes for sale in Houston. This has led to a competitive market with multiple offers on many properties, often resulting in bidding wars. The inventory of homes for sale is currently very low, which is driving up prices and making it difficult for some buyers to find a suitable home.

REASONS FOR HOPE

With an expectation of rates to come down, home prices in Houston steadily increasing due to continued demand, limited supply, & builder sentiment up for the first time in 12 months, there is a lot to be hopeful for.

What we're likely seeing is the windfall from the 'buyer's strike' that happened this fall.

YOUR THOUGHTS?

What are your thoughts on the market? What else would you like to know? Shoot us your thoughts. We plan on sending out these unique market analysis reports regularly to help our agents better grasp what's been going on and more importantly what to expect.