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Becky Davis

Becky's Best Bungalow Bets for Nov 12, 2023: 4 New Listings + By the Numbers

Posted on: Nov 12, 2023   •   Category:   Home Values & Recent Sales, Neighborhoods & Communities, Home Selling
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Hello BBBB Friend,

Good news! Rates have dropped half a point since last week!  I'm crossing my fingers ...and my toes... for further drops!! Hopefully, the tide is turning!

Today, I'm featuring 5 new listings of varying home styles and price points.  Plus, click HERE  to see price reductions, new contracts, and final sales for homes that are Still on My List. 

BY THE NUMBERS FOR OCTOBER 2023

  • The median selling price for a single-family home in the Heights reached $764,950, reflecting a 17.7% increase compared to the previous year.  The average sales price for October was $917,312, a 27.1% increase over the prior year.
  • Homes are now taking longer to find buyers, with an average time on the market of 51 days, which is 25% longer than this period last year. However, the median time on the market stands at 28 days, only 12% longer than Oct 2022. 
  • The median list-to-sale price ratio remains consistently strong, ranging between 99% and 100%.

REMINDER:  The monthly Heights Association Meeting will be held tomorrow evening from 6:30-8:00 pm at the Fire Station. This week, meet and mingle with HHA business members. There will be adult and family-friendly refreshments and door prizes!  See you there!

Have a great week, and, Let's look at houses or talk about selling yours! Becky

CLICK HERE FOR THIS WEEKS BEST BUNGALOW BETS


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Post Category: Home Values & Recent Sales, Neighborhoods & Communities, Home Selling

Local Heights/Greater Heights, 77008, Houston, Harris

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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 HRIS.
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