Like most of Houston, the Heights real estate market has seen a bit of a slow down this year. However, signs of life might be upon on us. Over the past several months, the Heights has seen a steady slide in the number of days on market and very little increase in the amount of available inventory. This should help buoy home prices in the near term.
Looking at the Heights from the greater Houston economic perspective, oil prices have bounced back from their January lows and have risen 85% since that early part of the year. If oil prices hold and energy industry layoffs are curtailed, we could see an increase in real estate demand in months to come.
|Average Sales Price||Median Days on Market||Number of Properties on Market|
|$503,216 (3.1%)||38 days||704 Properties|