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Sterling Residential, Realtors
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Bookmark this page to monitor asking-price market changes from week to week. Want more details? Download Sterling’s Weekly Market Intelligence Reports for Crosby, Humble (including Atascocita), Kingwood, Spring, and Houston Zip 77044. Available online for a limited time, these free printable reports illustrate pricing trends based on asking prices for listed homes. Are you looking for local market information specific to your neighborhood? Submit a request for our Neighorhood Market Snapshot or Comparative Market Summary here.
Crosby Texas
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Crosby, Texas Zip Code: 77389
Download Sterling’s Crosby Market Intelligence Report — a weekly summary illustrating real estate asking price trends and other important market metrics. Useful information for current or potential home owners and investors, this weekly report is available free of charge.
This week’s market update for Crosby includes current prices for homes on the market, trends in pricing, current levels of supply and demand, and value metrics derived from Altos Research’s proprietary research based on asking-price data available from public information sources.
Humble Texas
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Humble, Texas Zip Codes: 77338, 77346, 77396
Download Sterling’s Humble, Texas (including Atascocita) Market Intelligence Report — a weekly summary illustrating real estate asking price trends and other important market metrics. Useful information for current or potential home owners and investors, this weekly report is available free of charge.
This week’s market update for Humble, Texas includes current prices for homes on the market, trends in pricing, current levels of supply and demand, and value metrics derived from Altos Research’s proprietary research based on asking-price data available from public information sources.
Kingwood Texas
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Kingwood, Texas Zip Codes: 77339, 77345
Download Sterling’s Kingwood Texas Market Intelligence Report — a weekly summary illustrating real estate asking price trends and other important market metrics. Useful information for current or potential home owners and investors, this weekly report is available free of charge.
This week’s market update for Kingwood includes current prices for homes on the market, trends in pricing, current levels of supply and demand, and value metrics derived from Altos Research’s proprietary research based on asking-price data available from public information sources.
Spring Texas
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Spring, Texas Zip Codes: 77389, 77388, 77386, 77382, 77381, 77380, 77373
Download Sterling’s Spring, Texas Market Intelligence Report — a weekly summary illustrating real estate asking price trends and other important market metrics. Useful information for current or potential home owners and investors, this weekly report is available free of charge.
This week’s market update for Spring, Texas includes current prices for homes on the market, trends in pricing, current levels of supply and demand, and value metrics derived from Altos Research’s proprietary research based on asking-price data available from public information sources.
Houston Texas Zip Code: 77044 (E. Beltway 8 & W. Lake Houston)
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Houston, Texas including zip code 77044
Download Sterling’s Houston 77044 Market Intelligence Report — a weekly summary illustrating real estate asking price trends and other important market metrics. Useful information for current or potential home owners and investors, this weekly report is available free of charge.
This week’s market update for Houston, Texas Zip 77044 includes current prices for homes on the market, trends in pricing, current levels of supply and demand, and value metrics derived from Altos Research’s proprietary research based on asking-price data available from public information sources.
This information is provided by Altos Research using their own proprietary methodology to capture, analyze, and report asking price market trends using publicly available data. Altos Research materials, reports, and charts are copyrighted materials that cannot be copied or reprinted without permission. Altos Research content provides useful illustrations of local market activity, however, the information is not independently verified and website users are cautioned against reliance on this information without independent verification. Read more about Sterling’s Terms of Use agreement.
Today’s Houston real estate asking prices are derived from local market conditions based on comparable sales prices paid by home buyers in a particular neighborhood. Despite recent sales volume declines, prices are holding steady across Houston. While that may not be true for all Houston area neighborhoods, there hasn’t been an overall 15% drop in Houston home values. The housing supply is growing — tending to favor home buyers — but it hasn’t increased enough to force home sellers into large double-digit price reductions.
A Houston Chronicle Real Estate discussion posted a few weeks ago asked if Realtors share blame for the mortgage crisis unwinding across the country. Citing dual-licensed Realtors (those holding real estate and mortgage brokers licenses) as part of the problem, some forum participants pointed to the potential conflict of interest between real estate and mortgage brokerage as a reason for the mortgage crisis, while others stated that dual-licensed Realtors couldn’t adequately perform both jobs as agent and mortgage broker. Both could be valid points — yet, the number of Realtors holding a both a real estate and mortgage license isn’t large enough to have contributed to the mortgage crisis in a significant way.
While most housing market indicators have been tracking negative for months, Houston’s median home price for existing single-family housing is positively buoyant despite steady declines in sale volumes in recent months — the median price increased 1.5% in June 2008 when compared to last year. Houston’s residential real estate housing market sales were lower again in June 2008 with a year-to-year sales decline of 15.1% — the slowest June sales volume since 2004. Nationally, sales were down 15.5%. Sales declines were across most property and price classes with the single largest declines in homes priced between $80,000 and $200,000. Pending sales were down over 20% indicating that sales declines will continue. Inventory supply and DOM are up almost 10% in year-to-year comparisons.