Home Sales Data Energy Corridor
The Energy Corridor Housing report and Market Statistics report published by Texas Realtors®, Houston Association of Realtors and Texas A&M Real Estate Center are graphic reports that show home sales data in the Energy Corridor. Each month these reports are updated to show the most recent full month. This months reports are for May 2020.
Energy Corridor Housing Report
This report shows the median sales price is $245,000 which is an increase of 8.9% as compared May 2019. The report also shows the price distribution in the Energy Corridor. The percentage of active listings as decreased 7.6% as compared to last year at this time. This homes sales data report for the Energy Corridor also shows the number of closed sales as decreased by 48%. The days on market for May were 103 days to contract date and 34 days to closing . The months of inventory currently at 4.6 months is down from May 2019.
Where the Home Sales Data Comes From
As noted at the bottom left of this report, the data used comes from the Texas Realtors Date Relevance Project, a partnership among Texas Realtors ® and local Realtor ® associations throughout the state. Analysis is provided through a research agreement with the Real Estate Center at Texas A&M University.
Real Estate Market Statistics – Energy Corridor
There’s another report with home sales data that is interesting to look at and that’s the monthly Real Estate Market Statistics. This report also has the median sales price, closed sales, active listings and months of inventory for the current month. But it also reports growth trends for closed sales and median price over the last five years. In addition is also reflects the days on market currently at 57 days was 2 more days than May 2019. The days to closing at 36 days was 3 more days than May 2019. Bringing the total days on market from list date to closing date to 93 days which is 5 more days than one year ago in May 2019.
Months of Inventory
Months of inventory represents the number of months it will take to sell all available homes. This means if no more homes become available in the market, the supply of homes to purchase will deplete in that number of months. The benchmark of six months is used to determine a buyers market or a sellers market.
If you would like more detailed sales data for your home, please Contact Connie Vallone , Park West Real Estate (713) 249-4177. And if you would like to see this report for another area, I will be happy to provide that to you.