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 February 2023.
Energy Corridor Housing Report
This report shows the median sales price is $279,900 which is an increase of 6.2% as compared February 2022. The report also shows the price distribution in the Energy Corridor. The percentage of active listings has decreased to 59% as compared to last year at this time. This homes sales data report for the Energy Corridor also shows the number of closed sales has decreased by 50%. The days on market for February were 22 days to contract date and 30 days to closing. The months of inventory currently at 1.2 months is down from February 2022.
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 it also reflects the days on market currently at 65 days which is 26 days more than February 2022. The days to closing at 35 days is 5 day less from February 2022. Bringing the total days on market from list date to closing date to 100 days which is 21 days more from one year ago in February 2022.
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.